Will Tesla’s Recent Fall Mark a Turning Point for the Stock?
found that more than 40 percent of stocks included in the Russell 3000 suffered falls of 70 percent or more without ever recovering.
This risk remains, even for stocks like Tesla which command entire industries. And the automotive industry is unique, making the math around Tesla’s valuation difficult to follow. Either way, it’s worth noting that not every tech company that peaked in the last year is a buy.While temptations to comparing the current tech sector to the dot com bubble in the late 1990s remain, given collapsing tech valuations,says it’s actually wrong.
Tesla remains a hot commodity among the investor community despite a fairly high price, with many still considering it to have a lot of long-term value across markets. From to energy to insurance to a future of self-driving taxis and humanoid robots, Tesla has more than a few potential markets to back up its buy price.
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