Tesla stock price remains in a deep correction after falling by about 17% from its all-time high, a drop that has erased over $130 billion in value. Tesla’s shares have retreated as the company faces major headwinds, including rising competition in the electric vehicle market and slowing revenue growth. Its most recent results showed that total revenues dropped by 3% in the fourth quarter to $24 billion. Its automotive revenue fell 11% to $17.6 billion, while its energy generation and storage revenue rose 25% to $3.8 billion. Tesla’s growth could face challenges as competition intensifies in key markets such as...
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