Tesla stock has much more downside ahead as the electric car maker struggles to keep up with rivals, analyst says - 'This is just an auto company'

Dec 20 2022 by Business Insider

 
A Tesla owner shares "the facts of a Tesla" during winter.

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Tesla stock has more downside ahead as EV rivals gain ground, according to GLJ Research's Gordon Johnson.  "If you look at whenever competitors come in, Tesla's market share gets decimated," he told CNBC. He added that if Tesla stock was valued like its rivals, shares would be closer to $18. 

Tesla stock has much more downside ahead as competition from peers continues to heat up, according to GLJ...

Continue Reading Tesla stock has much more downside ahead as the electric car maker struggles to keep up with rivals, analyst says - 'This is just an auto company'