
Tesla (TSLA) stock has fallen 44% from its 52-week high, and even though shares gained nearly 23% on Wednesday, April 9 on the back of a 90-day pause on “reciprocal” tariffs, the path forward for the electric vehicle marker is far from clear.
A higher-for-longer interest rate environment, then politics, tariffs, and a public fight between CEO Elon Musk and a top advisor to President Donald Trump, have caused many TSLA bulls to turn bearish.