One analyst says that Tesla’s biggest rally stock since 2020 could soon come to a halt.
"These big names – Ford and General Motors – there's lots of old guard that's coming in with pretty compelling vehicles that I think is going to compete effectively and make it harder for Tesla to see the growth and the margins they've been achieving going forward."
Another factor seen by Irwin as a cause for the possible lowering of Tesla’s stock price is the continued delay of the much-anticipated self-driving technology, which is still years away from being a major source of income. "It's beautiful that they're pushing hard to develop the technology – I just think that others will be more careful in introducing things to the market," Irwin told
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