Tesla faces market uncertainty amid Wall Street's perception.

Oct 23, 2024

Tesla’s price seems to reflect market unease. While Wall Street still treats it as a car company, Elon Musk will need to break this perception with clear earnings guidance. This could prompt Wall Street to suddenly view Tesla as an undervalued stock. Long-term investors shouldn’t worry, as Tesla will likely lead future innovations, but in the short term, breaking below the $210 support level looks risky.