BIZARRE: How low can tesla stock go as analysts question the growth story - You Need To See This

For years, Tesla (TSLA) has been among the top growth stocks, especially for many retail investors. However, 2024 hasn’t been a good year for Tesla investors. It is the worst-performing S&P 500 Index ($SPX) stock on a YTD basis, with its price action looking like a mirror opposite of 2023, when the shares more than doubled.

Tesla is also the worst-performing stock among the elite “Magnificent 7” group, and many analysts are now questioning its growth story, with Wells Fargo analyst Colin Langan arguing that it is a “growth company with no growth.” And in Friday's session, the stock pulled back again on reports of lowered production at its plant in China.