Last month, Tesla stock hit a year-to-date low, down roughly 40 per cent since the start of the year. This came amid a 10-per-pent global work force layoff, a Cybertruck recall, and missed first-quarter revenue targets. Adding fuel to the fire, there have been recent conflicting reports on the future of Tesla’s Supercharger division, which oversees its network of charging stations.
* BYDDF-US, BYD Company’s Class H shares, passed the screen but was excluded since it is traded in HKDWhile our screen is open to other alternative energy car manufacturers , all five companies passing our criteria are electric vehicle manufacturers. Notably, Tesla did not meet our screening parameters owing to its low anlayst-projected revenue growth of 2.5 per cent. This slowing sales growth provides ample opportunity for other industry players to seize market share.
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