There is a lot going on with Tesla these days. Tesla stock traded below the $200,00 range last Monday, which is something we have not seen since December 2016. Since December 2018 Tesla stock has lost around 43% of its value.
On Tuesday Tesla stock opened 6.8% lower at $196.60 after an analyst from Wedbush cut its guidance on the firm and mentioned that Tesla should be focusing more on car production instead of other activities such as robotaxis. When we think about robotaxis and future profit we cannot help thinking about Uber which recently got listed on the New York stock exchange.
It will be interesting to see where the stock price of Tesla will go in the near future. With a recent funding of 2.7 billion consisting of stocks and bonds production seems secure.
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