Tesla extends decline, now down over 6%

Tesla extends decline, now down over 6%

Tesla Inc. (TSLA) has continued its downward trend, with the stock now down more than 6% year-to-date. As of April 21, 2025, TSLA is trading around $241, having experienced a 5% dip on Wednesday as markets crashed. The Dow Jones Industrial Average (DJI) plunged by 700 points, wiping out nearly $1.75 trillion in wealth from the US stock market [1].

The latest earnings call for Tesla delivered poor results, with a decline in production, sales, and revenues. Production fell by 16%, car deliveries were down by 13%, and revenues saw a significant dip. These factors have contributed to the stock's poor performance, with TSLA down nearly 37% year-to-date. The stock had fallen 50% YTD but managed to recover slightly after a 90-day tariff pause was implemented [1].

Analysts remain cautious about Tesla's prospects. Mizuho Securities, Wedbush, and Benchmark remain bullish on TSLA, giving it a 'buy' rating. However, they have cut their price targets, with the latest revised target standing at $315, representing an approximately 30% return on investment (ROI) from the current price of $241 [1].

The best time to take an entry position into Tesla, according to some analysts, is when the stock falls to the $200-$220 level. If the markets crash or enter a recession, TSLA could fall further, but this is not expected to happen. The uncertainty surrounding US policies and tariffs is a significant factor driving market volatility [1].

Investors should conduct thorough research on TSLA before making any trading decisions, as the markets are currently on a slippery slope. Trade at your own risk, as US policies are causing havoc in the global financial markets [1].

References:
[1] https://watcher.guru/news/when-is-the-best-time-to-buy-sell-tesla-stock-tsla
[2] https://finance.yahoo.com/news/tesla-alphabet-highlight-earnings-rush-as-tariff-fallout-drives-markets-what-to-know-this-week-113916050.html