Tesla stock down nearly 39% in 2025
fool.com —
Tesla's stock has dropped nearly 39% in 2025, following a 20% decline earlier this year. The company's automotive revenue fell 6% in 2024, with net income down 53%, while its energy storage segment saw a 67% revenue increase. Despite recent poor performance, Tesla has potential growth catalysts. The company plans to launch autonomous ride-sharing in Austin and introduce a more affordable vehicle in 2025. Additionally, a new factory aims to boost energy storage production. Currently, Tesla's stock is trading at a high price-to-earnings ratio of 122. Some investors are cautious, considering the stock overpriced, while others see potential if prices drop further.