Why Tesla Stock Is Crashing Today
Tesla (NASDAQ: TSLA) introduced the robotaxi/robocab last night at an event in Los Angeles. This morning, investors woke up to shares trading down 10%.
On the surface, this seems crazy, but as Travis Hoium explains in this video, Tesla may be sacrificing the next three or four years by chasing a product that may never pay off.
*Stock prices used were end-of-day prices of Oct. 11, 2024. The video was published on Oct. 11, 2024.
Don’t miss this second chance at a potentially lucrative opportunity
Ever feel like you missed the boat in buying the most successful stocks? Then you’ll want to hear this.
On rare occasions, our expert team of analysts issues a “Double Down” stock recommendation for companies that they think are about to pop. If you’re worried you’ve already missed your chance to invest, now is the best time to buy before it’s too late. And the numbers speak for themselves:
- Amazon: if you invested $1,000 when we doubled down in 2010, you’d have $21,266!*
- Apple: if you invested $1,000 when we doubled down in 2008, you’d have $43,047!*
- Netflix: if you invested $1,000 when we doubled down in 2004, you’d have $389,794!*
Right now, we’re issuing “Double Down” alerts for three incredible companies, and there may not be another chance like this anytime soon.
*Stock Advisor returns as of October 7, 2024
Travis Hoium has positions in General Motors. The Motley Fool has positions in and recommends Tesla, Uber Technologies, and Volkswagen. The Motley Fool recommends General Motors and Volkswagen Ag and recommends the following options: long January 2025 $25 calls on General Motors. The Motley Fool has a disclosure policy. Travis Hoium is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through their link they will earn some extra money that supports their channel. Their opinions remain their own and are unaffected by The Motley Fool.
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