Published on 15 Mar 2024 on Zacks via Yahoo Finance
Tesla (TSLA) has been one of the most searched-for stocks on Zacks.com lately. So, you might want to look at some of the facts that could shape the stock's performance in the near term.
Shares of this electric car maker have returned -18.9% over the past month versus the Zacks S&P 500 composite's +3.3% change. The Zacks Automotive - Domestic industry, to which Tesla belongs, has lost 11.2% over this period. Now the key question is: Where could the stock be headed in the near term?
Although media reports or rumors about a significant change in a company's business prospects usually cause its stock to trend and lead to an immediate price change, there are always certain fundamental factors that ultimately drive the buy-and-hold decision.