Tesla's share price has seen a sharp reversal this year, dropping by 22.1% through Feb. 9 as governance issues have been raised. This year's decline comes on the heels of a 101.7% gain last year. Most of the other Magnificent Seven stocks have continued their ascent in 2024.
Tesla stock bucks Magnificent 7 trend
Telsa's year-over-year revenue growth slowed to 3.5% in the fourth quarter. In the first and second quarters, revenue increased by 24.4% and 47.2%, respectively, vs. the prior year.
Telsa's gross and operating margin have been contracting. In the fourth quarter, its gross margin was 17.6%, down from 23.8% a year ago. The company's operating margin fell to 8.2% compared with 16%.
Sponsored
White Papers
Sponsored Content
Partner Content