Tesla Stock: Hello friends, here we are going to talk about the Tesla company, According to the information received recently, Morgan Stanley has said that it is deciding to reduce its investment in Tesla. Tesla is one of the most well-known companies, Morgan has said this due to the ups and downs happening in the Tesla industry. If seen, Tesla’s industry is currently going through a period of recession. Talking about electric vehicles, there is a decrease in facilities due to increased competition among them.
Regarding Morgan Stanley’s model portfolio, Tesla has been on the company’s list since 2021. Its share was also increased in 2022. However, the stock was reduced in November 2023.
The strategists highlighted some points and said that on increasing the share in 2022, Tesla gave a return of 15%, which is 46% behind the 1000 RGL (Russell Growth Index) index. He wrote that “although we continue to maintain our position in Telsa, due to the optionality of its various non-auto assets, we see an attractive opportunity to reallocate some of the position into other, less-volatile stocks that are not as economically sensitive and may have less pricing pressure.”
If we talk about growth, there are possibilities for growth in robotics, AI, and the energy sector. Tesla is a leading electric vehicle company in America. Despite this, it decided to reduce its position to make space in stocks with higher earnings viability, like Spotify.
This week, the European Union announced a planned tariff on Tesla vehicles imported from China to 9% from 20.8% and extended it to other EV manufacturers. The new tariffs will be in addition to the existing 10% duty already imposed by the EU. The EU had hinted in June that it would impose a higher tax on vehicles imported from China, citing that these vehicles benefit from unfair subsidies and pose a “risk of economic harm” to European EV producers.
TESLA: Is this evergreen leader facing new challenges?
With valuations set to skyrocket in 2024, many investors are uncomfortable putting more money into stocks. There are always opportunities in the stock market, but finding those opportunities has become a little tougher than before.
One of the best ways to find new high-potential opportunities is to look at the top-performing portfolios this year. New stocks making the monthly cut could deliver huge returns in the years to come. Is TESLA one of them? Is this evergreen leader facing new challenges, or is it still a good option for investment?