A focus on production growth misses the big picture.
Electric vehicle (EV) pioneer Tesla (TSLA 4.73%) had a rough 2022. After it grew into one of the world’s largest companies in 2021 with a market cap of over $1 trillion, its value fell by more than 50% last year. But the downtrend in the stock has started to reverse rapidly in the first month of 2023. After Tesla reported solid fourth-quarter earnings on Jan. 25 and offered an optimistic outlook, its stock popped more than 20% over the next two trading days.
Read more here: https://www.fool.com/investing/2023/02/01/1-thing-tesla-bulls-get-wrong-and-why-it-might-tan/
