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Tesla (TSLA), once a hot stock and one of the favorites in the Magnificent 7 group, has been on a roller coaster ride for the past few years.
Tesla specializes in electric vehicles (EVs), renewable energy solutions, and battery storage, with increasing investments in artificial intelligence (AI) and and robotics. So far this year, the stock has suffered from a backlash against CEO Elon Musk’s politics. Musk’s political engagements, particularly his advisory role in President Donald Trump’s administration, have resulted in global protests and consumer boycotts. This association has harmed the company’s brand image and contributed to decreased sales.