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Guggenheim Foresees Over 30% Drop in Tesla's Stock Price Amid Delivery Decline and Musk's 'Political Turmoil'
2025-03-13 /
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Author：小编
Ronald Juszczyk, an analyst at Guggenheim Securities, has counseled investors to maintain a selling stance on Tesla stocks, forecasting a more than 30% decline in the electric vehicle manufacturer's share price. On Monday, Tesla's stock value plummeted by 15.43%, marking its steepest single-day fall since September 2020. Nevertheless, the company's stock price rebounded over the subsequent two trading days, climbing 7.59% on Wednesday to close at $248.09. Despite this temporary recovery, Tesla's stock price has experienced a cumulative decline of 48% since it reached an all-time high of $479.86 on December 17, 2021.
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