Tesla Stock Continues Downtrend Amid Growth Concerns

Analysts downgrade Tesla's stock as the company faces slowing EV demand, price cuts, and increased competition, despite potential support from AI and self-driving technology.

• Tesla shares have fallen for a third consecutive day, marking a 35% loss since the start of the year, as investors express concerns over the company's growth prospects.
• Analysts from Wells Fargo and UBS have downgraded Tesla's stock, citing slowing EV demand, price reductions, and increasing competition, particularly from Chinese rivals.
• Despite the bearish outlook, Wedbush analyst Dan Ives believes Tesla could see growth and margin improvement in the coming quarters, supported by AI and self-driving technology.
• Tesla's stock price may find support from a descending channel chart pattern, indicating potential areas of reversal and support.
• The company's challenges include disappointing deliveries, safety issues, recalls, and a crowded EV market, leading to predictions of further declines in stock value.

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