The car has been dropping prices very quickly, which is causing Tesla’s price to drop, which is very confusing for people, sitting next to me is Rana Aqeel, with whom we are going to talk. What do you know about Tesla’s stock? That will tell us something about where Tesla stock is now or where it will go in the coming days, so we know what is going to happen with Tesla stock or the cars that Tesla has. What will happen is whether prices will go up or down, directly affecting Tesla’s stock. As sales decline due to competition, Tesla’s stock falls.
Why is Tesla stock falling?
Yes, guys, Tesla’s stock will go down this time because there has been a lot of competition in the cash price. If we talk about the competitors of Tesla, then the two companies are in a lot of competition. These are Honda and Kia. On the other hand, if you look at Test Lock’s vehicle, many people are facing problems, due to which Test Lock’s cyber truck has also been trolled a lot. Too much of it can pose a problem.
Tesla stock fell 12 percent on Thursday after the company announced that Tesla’s market cap this time around is much lower than in 2023, the BBC reported. The market value of has fallen below 80 billion dollars Elon Musk has also said about its falling prices that it may be notably lower in 2024.
Similarly, when the Cyber Truck was launched, people found it very difficult to operate it, which made people less likely to buy it, and which is a great loss. In the same way, if we talk about it, these days, the Tesla charging stations for Tesla cars are also facing a lot of problems. Because of this, other people don’t get a chance to charge their cars, and people who do blame Tesla a lot more for that.
So I think these things will have a big impact on Tesla stock in 2024, and I think Elon Musk should focus on maintaining their brand properly.
So, according to Mr. Rana Aqeel, the prices of Tesla are going to decrease significantly this year, which is a sad thing for Tesla. So, Rana, what would you like to say about when people should buy Tesla stock? Should they buy its stock when they can, or is this the best time to buy because now the prices of Tesla cars are going to decrease significantly and Tesla stock has decreased in price a lot? What do you think?
Yes, guys, those who have bought Tesla stocks should sell them in 2024 because Tesla stocks will continue to decline in 2024. Even after 2024, there may be an excess of Tesla stocks, but Tesla stocks will decline in 2024. And those who want to purchase Tesla stocks should not do so in 2024 because Tesla stocks are expected to continue to decline in the near future, which is bad news for Elon Musk.
