Tesla’s share prices have had their worst ever half-year results with a drop of over 30%. Supply chain issues, higher raw material costs, and worries over a global recession have all been weighing on Tesla’s stock prices over the last few months. On top of this Elon Musk, the charismatic leader of the company, is simultaneously pursuing a bid to buy Twitter at the same time as trying to take Tesla to new levels of production. So, where does Tesla go from here? Will it maintain the first-mover advantage in the EV industry? Will it get a new direction from its solar roof tiles or its Optimus robot?
Ultimately it is impossible to say. However, the seasonal pattern point to a decent second half of the year with an average return of 21.40%. Is Tesla stock worth buying or is the volatility too high and makes it not worth the risk?