Huge News for Tesla Stock Investors

By Parkev Tatevosian, CFA – Mar 25, 2024 at 5:07AM

NASDAQ: TSLA

Tesla

Market Cap

$537B

Today's Change

(-1.11%) -$1.89

Current Price

$168.29

Price as of April 26, 2024, 4:00 p.m. ET

Tesla is reducing output at one of its facilities due to weak consumer demand, but the news is not as bad as it sounds.

Fool.com contributor Parkev Tatevosian discusses the silver lining from the latest news from Tesla (TSLA -1.11%).

*Stock prices used were the afternoon prices of March 22, 2024. The video was published on March 24, 2024.

Parkev Tatevosian, CFA has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Tesla. The Motley Fool has a disclosure policy.

Parkev Tatevosian 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.