{"id":48266,"date":"2024-04-22T13:18:32","date_gmt":"2024-04-22T13:18:32","guid":{"rendered":"https:\/?p=48266"},"modified":"2024-04-22T13:18:32","modified_gmt":"2024-04-22T13:18:32","slug":"teslas-stock-takes-a-dive-robotaxi-focus-shakes-investors","status":"publish","type":"post","link":"https:\/\/www.stocktargetadvisor.com\/blog\/teslas-stock-takes-a-dive-robotaxi-focus-shakes-investors\/","title":{"rendered":"Tesla’s Stock Takes a Dive: Robotaxi Focus Shakes Investors"},"content":{"rendered":"

Tesla Inc (TSLA: NSD)<\/a><\/strong> faces a period of internal turmoil as CEO Elon Musk prioritizes self-driving car technology over other projects. This shift comes amid a challenging year for the electric vehicle maker, with slumping sales, a declining stock price, and increased competition.<\/span><\/p>\n

Musk, known for his ambitious goals and abrupt changes in direction, has reportedly put Tesla into “wartime” mode. This has resulted in a 20% workforce reduction and a renewed focus on developing robotaxis, even at the expense of a planned, more affordable electric vehicle.<\/span><\/p>\n

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Stock Target Advisor\u2019s Take on Tesla:<\/strong><\/h2>\n

Stock Target Advisor’s gives a Buy rating to Tesla\u2019s stock with a target price is $224.95 and the projected price change for the next 12 months by Stock Target Advisor is 52.97%.<\/span>\u00a0<\/span>At the last closing, Tesla Inc\u2019s stock price was USD 147.05. <\/span>Tesla Inc<\/span>\u2019s stock price has changed by -24.00% over the past week, -25.77% over the past month and -10.92% over the last year.<\/span><\/p>\n

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TSLA Ratings<\/a> by Stock Target Advisor<\/p>\n<\/div>\n