The Smart Investors

The downward trend of Tesla can be attributed to growth in competition within the EV market, pricing factors, and the overall doubts about leadership choices. In spite of the decline, the pullback is still seen by loyal followers as a long-term opportunity.

Based on my findings and understanding, I still believe that Tesla stock will make a big impact because the EV industry is now becoming big, though it is highly competitive but those automakers are pushing into the market and the pricing pressure is also building. But I still believe that Tesla is good for long term investment.