Key points
- Tesla will face significant turbulence in 2024, departing from its historical dominance in electric vehicles and technology.
- Despite its esteemed status, Tesla’s stock performance has slumped nearly 40% this year, making it the worst-performing company in the S&P 500 index.
- The US electric vehicle market is slowing, leading to a decline in Tesla’s sales and market share.
- 5 stocks we like more than Tesla
Before you consider Tesla, you’ll want to hear this.
MarketBeat tracks Wall Street’s highest-rated and best-performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market takes hold… and Tesla wasn’t on the list.
While Tesla currently has a “Hold” rating among analysts, top analysts believe these five stocks are better buys.
View the five stocks here
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