Tesla (TSLA) stock price hit a 2-year low yesterday. “Tesla purchase intent social media mentions are relatively flat year-over-year as the stock momentum slowed down. There is some negativity with the TSLA stock as Elon Musk is focused on Twitter (TWTR). There is somewhat less consumer enthusiasm when it comes to Tesla and its electric vehicles, but it is still a leader in the space. However, companies like Toyota Motor (TM), Ford (F), and BMW (BMWYY) are taking more mind share in 2022 versus 2021. Tesla Model 3 is the most accessible when it comes to price, but demand is waning even with tailwinds like increases in gas prices,” says LikeFolio’s Landon Swan. Tom White and Nick Theodorakos weigh in on supply versus demand for EVs.
23 Nov 2022