Here’s what could happen to Tesla shares next.
Investors are passionate fans or foes of Tesla’s electric vehicles, and its mercurial chief executive, Elon Musk, has spawned legions of supporters and detractors. As a result, Tesla is one of the stock market’s most volatile stocks.
For example, Tesla’s shares sold off sharply during the 2022 bear market before rebounding handsomely in the first half of 2023. The shares then sold off again in October before rallying into year’s end, likely leading many investors to wonder what’s next.