has had a rough 2024, with its shares down 34% year to date. But the electric-vehicle space in general is having a difficult time, and, relatively speaking, Elon Musk’s carmaker is sitting pretty, believes one industry observer.“That really opens up a lane for Tesla to grow their market share even more in the coming years,” Nelson said.
But Tesla today, Nelson said, “is a lot different than the company of three or four years ago. The company has an investment-grade balance sheet. They’re sitting on more than $29 billon of cash, hardly any debt.”"The original story that I think most investors bought into with Tesla didn't really include Elon and Twitter…For a long time, we all hoped that it really wouldn't affect Tesla and the demand for its products," Gerber said. "We all know that that has now happened.
Walmart is another low-price retailer that has announced store closures this week, with a handful of closures coming on the heels of Dollar Trees.Another presidential election is on the horizon, and financial advisors are considering the possibility of Donald Trump securing the Republican nomination and winning a second term at the presidency....Nvidia stock has surged in share price, but so has this stock, with a far lower share price to consider.