
BUZZ-Tesla set for slowest rise in three years, sagging demand pressures stock

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Shares of Teslahave risen 12.5% this year, marking the slowest growth in three years due to sagging demand, particularly in Europe and North America. The stock fell 65% in 2022 due to production issues and interest rate hikes. Despite recovering after an $878 billion compensation package for Elon Musk, Tesla's growth is expected to lag behind the S&P 500 this year. The company is projected to end the year with a market cap of ~$1.51 trillion, significantly higher than its competitors, but its P/E ratio remains high at ~218.
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