Tesla's Market Share Set to Expand Amid EV Industry Distress

Despite a 34% drop in its shares this year, Tesla is poised for growth as competitors face challenges and legacy automakers focus on hybrids.

Tesla's stock has fallen 34% in 2024, but the company remains well-positioned amid broader electric vehicle industry challenges.
CFRA analyst Garrett Nelson views Tesla as the 'best house on a bad block,' with a potential 68% upside in its stock price.
Fisker's potential bankruptcy and Rivian's delayed factory construction highlight the distress within the EV sector.
Tesla's investments and strategic moves, including a new factory in Mexico and the upcoming mass-market EV, are expected to drive its growth.
Elon Musk's controversial social media presence has impacted Tesla's public image and demand for its products, according to investor Ross Gerber.