Tesla Hits 52 Week Low

Tesla Hits 52 Week Low

Tesla has hit a 52 week low stock price of $204.41. Is there more pain ahead for Tesla stock and should investors panic? Let's find out.

Tesla has Elon Musk as CEO and some would say that he should be replaced as CEO due to his Tweets on Twitter and creating controversy. Some say that Tesla cars are too expensive and that Tesla is losing demand. There is a lot of fear, uncertainty and doubt going around.

Sometimes the FUD (fear, uncertainty, and doubt) can be stronger than at other times. It can also spread among people, causing panic selling as people worry about the company. I can say this much. I have a Tesla Model 3 RWD and it is an incredible car. It is beyond anything that I have ever experienced. This car costs less than the competition and with cost savings, is much less than many gas cars.

I have a lot riding on Tesla as a company. I have invested in it and believe in the direction it is going. It is important to seek facts and understanding when looking at a company. What are the facts about Tesla, the company?

Products, Engineering, Strategy, Technology, and Mission

Tesla has some of the most incredible products available for vehicles. Tesla vehicles are a combination of software and hardware, with some very ambitious goals for the future. Tesla is still winning on all fronts and the FUD is over done.

It's easy to have a bias when you do research and try to understand something. Tesla has the best engineers in the world, the best products in the world, and a CEO who is the hardest working in the world. Tesla has the super charger network. Tesla makes better cars than everyone else.

EV (electric vehicles) are at the beginning of an exponential curve of adoption. This is showing no signs of changing. However, many people are down about Tesla and the global economy anyway. World events are also amplifying challenges, with inflation, energy shortages, and war. The world is going to need these vehicles.

Tesla is most likely going to have a run up again at some point. I'm not sure when. Right now, we are in peak fear and negativity. Some is macro related. But Tesla is down about twice what the S&P 500 is. When things are overly negative, it's generally a good time to buy (not financial advice).

Will Tesla continue to go down? Is there going to be a turn around in the markets?

For more information, see this video from Tesla Economist:

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Jeremy Johnson is a Tesla investor and supporter. He first invested in Tesla in 2017 after years of following Elon Musk and admiring his work ethic and intelligence. Since then, he's become a Tesla bull, covering anything about Tesla he can find, while also dabbling in other electric vehicle companies. Jeremy covers Tesla developments at Torque News. You can follow him on Twitter or LinkedIn to stay in touch and follow his Tesla news coverage on Torque News.

Image Credit, Tesla Economist, Screenshot