Tesla's stock recently plummeted over 41%, leaving investors shaken as the market correction heavily impacted tech stocks. Despite this downturn, analysts remain optimistic, with some suggesting significant upside potential for TSLA. The extended narrative surrounding Tesla's growth prospects, particularly in the fields of AI and self-driving technology, indicates that foundational aspects of the company have not substantially changed. This market dip could represent an opportunity for contrarian investors if they are willing to navigate potential risks for future gains.
The stock's latest free-fall has been as vicious and unforgiving to the overenthused investors who chased it ahead with hopes of a Santa rally.
Analysts like Wedbush Securities still imply strong upside potential for Tesla, predicting close to a 93% increase in stock value despite recent volatility.
Buying Tesla stock now could be seen as a large opportunity, especially for contrarians willing to brave the stock wreckage for potential benefits.
A strong case could be made that the risks of buying TSLA now are far less than they were when shares were peaking in mid-December.
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