Tesla stock dropped 8.2% on Thursday after its Q2 earnings report, closing at $305.30, a decline of around 24% year-to-date. Although there are forecasts predicting a rebound to around $400, historical patterns indicate recoveries can take longer. Despite the recent dip, Tesla stock remains up 42% in the last year and over 200% in the last five years. However, this does not imply it is a bargain, and the justification for the pullback may depend on forthcoming data.
Tesla stock took a haircut Thursday, shedding 8.2% and landing at $305.30. It was a rough day for Tesla's loyal shareholders.
Putting the dip in perspective, Tesla stock is still up 42% over the past 12 months and up by more than 200% over the past five years.
Just because the Tesla stock price is down, this doesn't necessarily mean it's cheap and primed for a recovery.
If the data looks really bad, then maybe the stock-price pullback is justified.
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