Tesla's Sharp Drop Sends Shockwaves Through These ETFs
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Feb 28 2025
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Source: Benzinga
Tesla's Stock Decline: Tesla Inc.'s stock has dropped approximately 40% since late 2024, impacting various ETFs with significant Tesla exposure due to declining European sales and concerns over CEO Elon Musk's leadership. Leveraged ETFs have been particularly affected, with some losing over 80% since December.
Market Outlook for Tesla: Analysts predict limited catalysts for a turnaround in Tesla's performance, citing high stock valuation and increasing competition, particularly from China's BYD Co. Investors are cautious as options traders prepare for further declines amid the current market pressures.
Analyst Views on XLY
Wall Street analysts forecast XLY stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for XLY is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
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Current: 121.400
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Current: 121.400
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
