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Shares of Tesla (TSLA) have underperformed the broader markets since the bear market of 2022. The electric maker has been wrestling with a range of factors, including inflation, higher interest rates, and rising competition. To offset these headwinds, the EV maker cut vehicle prices multiple times in the past 18 months, which has eroded its profit margins and cash flow.
Down almost 40% from all-time highs, Tesla staged a comeback in Q3 of 2024, as the stock soared over 30%. However, TSLA started October on a weak note after reporting softer-than-expected delivery numbers for the July-September quarter. Let’s see if Tesla is a good stock to own right now.
