Investor’s Business Daily published an article on April 24 discussing the 10 S&P 500 stocks with the largest losses in market capitalization in 2024. In the second spot is Tesla (NASDAQ:TSLA) stock, with a loss of $328 billion or 42%. The only name ahead of Tesla stock is Apple (NASDAQ:AAPL), which has lost $433 billion.
Investors question if Musk’s offer to fast-track cheaper EVs was a tactic to halt losses. After investors stop selling, he’ll focus on robotaxis and other unconventional ideas again. Is Tesla stock still a good investment without an affordable electric vehicle? I’ll look at both sides of the argument.
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