Tesla's Troubles Are Overblown, Analyst Says. This Is Why The Stock Could Rebound.
Tesla's recent stock pullback and sales declines, while significant, are overblown, according to Benchmark analyst Mickey Legg. Tesla Inc. has had a tough few months, with Chief Executive Elon Musk at the center of a political maelstrom and the EV giant facing declining sales and intensifying competition, particularly in China, its second-largest market."We believe the recent stock pullback and sales declines, while significant, are overblown considering the near-term issues impacting the company and the scope of opportunities around the corner," Benchmark analyst Mickey Legg wrote in a note released Wednesday. "After appreciating over 90% to a high of $488 after the Presidential election, the stock has pulled back to sub-$300 levels.". Tesla shares have fallen 45.1% in 2025 amid the ongoing backlash against Musk over his key role in the Trump administration's controversial Department of Government Efficiency. Musk's leadership position in the so-called DOGE has seen the company's sto
