In the unfolding narrative of 2024, Tesla Inc. (NASDAQ: TSLA) remains a leader in the ever-evolving electric vehicle (EV) sector thanks to its resilient business strategies and innovation. In August 2023, Tesla stock gained 107%, recovering from a severe collapse. TSLA is expected to strengthen further in 2024 with the release of the Cybertruck and Tesla Semi.
However, the company faces strong competition from the Chinese carmakers. Tesla’s rivals are aggressively cutting prices. New government incentives for eco-friendly vehicles should support the company. Meanwhile, markets approve Tesla’s development strategy, and TSLA shares represent a lucrative asset to invest in.
Highlights… Read full author’s opinion and review in blog of #LiteFinance
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