With the automotive industry at a pivotal point as many investors free the sector given slowing demand, Baird analysts argue that Tesla remains at the forefront. The company’s leadership position is driven by innovation, strategic expansions, and a strong market presence.Answering the question what gets Tesla stock going again, the analysts said:
This expansion not only enhances Tesla's production capabilities but also mitigates geopolitical risks and reduces dependency on single market fluctuations. Moreover, advancements in battery technology and energy solutions, such as the Powerwall and Solar Roof, position Tesla as a leader in the sustainable energy sector, beyond its automotive achievements.
Looking forward to the rest of 2024, Baird expects to see “minimal volume growth and likely a flattish to down year in EPS.”Scan QR code to install app