From Justin Spittler, Editor, Casey Daily Dispatch:
It’s do or die for Tesla.
Tesla, as I’m sure you know, is a major electric-car maker. It makes more electric vehicles (EVs) than any other U.S. company. That puts it at the forefront of the EV revolution, one of today’s biggest megatrends.
Because of this, Tesla’s been one of the hottest U.S. stocks. Its share price surged more than eightfold between the start of 2013 and this past January. By comparison, the S&P 500 gained 95% during that same period.
This epic run turned the company into a household name. It made Tesla one of America’s most sought-after stocks. Everyone started buying it.
But many Tesla shareholders now have buyer’s remorse. And that’s because Tesla’s stock is in free fall. Just look at this chart.
Tesla’s down around 23% since September 2017.
After a plunge like that, many people are probably