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13.01.2025 15:25:39
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Tesla Stock Had a Huge 2024 but EV Start-Ups Rivian and Lucid Stocks Plunged. What That Could Mean for 2025
Risk-averse investors probably wouldn't have enjoyed holding Tesla (NASDAQ: TSLA) stock last year. Halfway through the year, Tesla shares were down by over 20% even as the S&P 500 index had marched 15% higher. But 2024 was a tale of two halves for Tesla stock, and it ended the year with a monster 62.5% gain, according to data provided by S&P Global Market Intelligence.Shares of fellow electric vehicle (EV) makers Rivian Automotive (NASDAQ: RIVN) and Lucid Group (NASDAQ: LCID) also had a tough start to 2024. But those stocks didn't recover, ending the year down by 43.3% and 28.3%, respectively. The returns of these EV maker stocks may not repeat in 2025, but the lessons from 2024 should still apply.Tesla was a model for stock investors learning about risk and volatility in 2024. Shares were down by about 43% at the low in late April and up by as much as 93% at the high in mid-December. The recovery in the second half of the year came for several reasons that might help determine where Tesla stock goes in 2025.Continue readingWeiter zum vollständigen Artikel bei MotleyFool
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