Electric vehicle (EV) pioneer Tesla, Inc. (TSLA) shares have declined 29% in the first quarter, marking the worst period for the stock since the end of 2022. Its first-quarter stock price decline was its third-steepest quarterly fall on record. Investor sentiments have taken a hit due to expectations of lower-than-expected vehicle volume growth this year, lower margins, heightened competition, and falling demand for EVs.
In this piece, I have discussed why it could be wise to avoid the stock now.
