Tesla Stock to Drop 40% in 2024, According to This Analyst

By Neil Rozenbaum – Dec 10, 2023 at 10:30AM

NASDAQ: TSLA

Tesla

Market Cap

$578B

Today's Change

(0.66%) $1.18

Current Price

$181.19

Price as of May 3, 2024, 4:00 p.m. ET

Here's everything you need to know about the electric vehicle maker's week.

In this week's video, I cover need-to-know news items related to Tesla (TSLA 0.66%) during the week of Dec. 4. Today's video will focus on Tesla's sales numbers in China and Europe, the company's future expansion projects, why an analyst at Bernstein is calling Tesla the best short idea for 2024, and a look at Tesla stock from a technical analysis standpoint.

You can find last week's summary here.

*Stock prices used were from the trading day of Dec. 8, 2023. The video was published on Dec. 9, 2023.

Neil Rozenbaum has positions in Tesla. The Motley Fool has positions in and recommends Tesla. The Motley Fool has a disclosure policy. Neil is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through his link, he will earn some extra money that supports his channel. His opinions remain his own and are unaffected by The Motley Fool.