Tesla Stock Reaches New 52-Week Low Amid Strategic Shift and Analyst Downgrades

Wall Street reacts negatively as Tesla pivots from Model 2 to focus on robotaxi development, leading to significant stock price declines and strategic concerns.

Tesla's stock price plummeted to a new 52-week low, with shares falling around 40% in 2024, marking one of the worst performances in the S&P 500.
Deutsche Bank and Barclays downgraded Tesla's stock following the company's shift in focus from the affordable Model 2 to a fully autonomous robotaxi program.
Analysts express concerns over Tesla's future, emphasizing the technological and regulatory challenges of achieving full driverless autonomy.
The company announced mass layoffs and executive resignances, intensifying scrutiny over its operational and strategic direction.
Investors and analysts await the upcoming Q1 earnings call, which is expected to further influence the company's stock performance and strategic outlook.

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