What’s Wrong With Tesla in 2024, and Will TSLA Stock Recover and Go Back Up?

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Just over a month into 2024, Tesla (TSLA) has already lost roughly a quarter of its market cap, and the stock is one of the worst-performing S&P 500 Index ($SPX) constituents based on its YTD price action. The Elon Musk-run company continues to whipsaw, and has offered something for both the bulls and bears to work with over the last couple of years. The shares lost two-thirds of their value in 2022, which brought a windfall for those who were short on the electric vehicle (EV) giant. However, as has been the case over the longer term, the more persistent short sellers eventually burned their …

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