Tesla, the Elon Musk-led electric vehicle company, appears desperate for a tune-up.
The company’s share price has plummeted more than 25% so far this year, making it one of the worst-performing stocks in the S&P 500. Over the same period, that index has risen about 10%.
Shrinking car sales, major setbacks in autonomous driving and increased competition have cost the company more than $200 billion in lost market value in less than four months.
Analysts who spoke to ABC News differed on whether the company would ever recover those losses.
Critics say demand for the company’s cars has slowed as a result of its failure to release a new, affordable model, as well as a chill in the overall EV market.
As competitors roll out alternatives, Tesla faces a difficult path to regain its previous breakneck growth.
