![]() ![]() "It's a lot of education," Narayan tells Yahoo Finance, adding: "Your neighbor needs to get an EV and then you see it and figure out that you want one as well." For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live. According to the current price, Tesla is 66.66 away from the 52-week high. He also notes consumers need more education on how EVs actually operate, as many lack understanding of the product and improved consumer literacy on EVs could help stimulate sales. The latest Tesla stock prices, stock quotes, news, and TSLA history to help you. David Trainer, CEO of the investment research firm New Constructs, believes Tesla is worth just 26 per share after its latest earnings showed deteriorating margins and waning demand. RBC Global Autos Lead Equity Analyst Tom Narayan attributes the EV demand decline to affordability and consumer education issues, believing "it's probably not going to go away anytime soon." Narayan states that for demand to rebound, pricing needs to fall to a point that's affordable for both automakers and consumers in today's high-interest rate environment. Tesla stock price plummets, Chinas top EV maker, BYD, posts record earnings. Major EV makers like Tesla (TSLA), General Motors (GM), and Lucid (LCID) have all felt the effects of this demand drop. price of 238.49, a 18.75 upside from the current price of 200.84. The electric vehicle craze is cooling off as demand for EVs slows. Yahoo Finance Video What is causing the slowdown in EV demand? ![]()
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