Elon Musk has also taken advantage of the rise in the stock price and made a good profit by selling some of his stake. Stock market experts say that investors can also book some profit in this. Looking at the long-term chart of Tesla’s stock, the downside in recent days looks very small. According to the Nasdaq report, Tesla’s stock price could come down sharply if Omicron continues to decline in the market. Tesla’s stock will also be under pressure due to the stock’s price-to-sales multiple being too high and the possibility of a car from Apple making iPhones launching in the next few years.
The stock has climbed a lot in the last few months and the company’s market capitalization has crossed $1 trillion. Tesla cars are currently at the top of the EV segment and this market is expected to grow rapidly. However, with the entry of new companies in it, the competition for Tesla will also increase. The electric truck can get a tough competition from Rivian. American automobile companies are also launching electric variants of cars. In the coming years, the electric car market will see increased challenges for range and Tesla. EV companies like China’s NIO are also trying to increase their share in this market. However, Tesla’s cars have a huge fan base and the company’s launch of new models will boost its sales as well.
Apple aims to launch self-driving cars in the next four years. This could pose a tough challenge to Tesla. Apple’s stock has also gained momentum from the company’s plans to launch a car. Experts believe that in view of all these reasons, investors should invest cautiously in Tesla’s stock. <!–
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