2021 peak Tesla stock ($185/share) declines due to reduced EV demand, lower gross profit margins, and higher interest rates.
Tesla stock has declined from a 2021 peak, currently sitting around $185 per share. The dip can be attributed to dwindling gross-profit margins (from 30% to 17%) due to reduced consumer demand for electric vehicles, partially caused by higher interest rates. Some investors question if it's too late to invest in Tesla. Despite challenges, Tesla's diversification beyond EVs suggests potential for future growth and profitability.
June 30, 2024
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