Tesla stock forecast this week analysts note EV market competition

Analysts note EV market competition tightening margins. Stop Missing Market Moves: Get the FREE Barchart Brief – your midday dose of stock movers, trending sectors, and actionable trade ideas, delivered right to your inbox. Sign Up Now! While Elon Musk has vaulted into a powerful role overhauling government agencies and upending Washington , the world's richest person has suffered a $106 billion drop in wealth due to steep decline in shares of his Tesla electric car company. Market observers note Tesla stock forecast this week is supported by institutional buying trends in clean energy ETFs. A 1.2% increase in ETF holdings over the past five trading days may underpin share price stability around $191.