We are all wondering when will Tesla stock go up.

Tesla’s stock has plummeted approximately 27% this year, reflecting the company’s struggle in the competitive electric vehicle market.

Concerns are surfacing that Tesla might incur losses in its auto business this year, primarily attributed to its aging product lineup compared to industry standards.

Demand for Tesla vehicles is waning, particularly in vital U.S. markets like California.

To counterbalance, Tesla must attract buyers from regions less enthusiastic about electric vehicles, such as Dallas or Cleveland suburbs, where infrastructure and consumer sentiment are less favorable.

Hybrid vehicles are gaining traction in the U.S., posing a formidable challenge to electric vehicles, hybrid sales surged five times faster than electric vehicles last month, intensifying competition for Tesla.

In China, oversupply in the electric vehicle market has led to aggressive price cuts among manufacturers, further complicating Tesla’s market dynamics.

Despite short-term challenges, optimism remains regarding Tesla’s long-term prospects.

Tesla is the most technologically advanced car company globally, and its presence in energy, artificial intelligence, and robotics sectors remains formidable.

However, Morgan Stanley’s valuation of Tesla’s auto business at $68 per share represents only 21% of the bank’s overall price target of $320.

While Tesla faces near-term hurdles, its long-term potential remains compelling, contingent on addressing challenges in its auto business and leveraging its technological prowess in emerging sectors such as AI.

Let’s take a look at TSLA’s stock charts to see how a turnaround might look.

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