"Tesla's plummeting stock price in 2024 is just a delayed adjustment, and its price will eventually rebound to $275," said Garrett Nelson, Vice President of CFRA Research, a market research firm. This prediction means that the stock is up 68% from last Friday's close. He said that although the company's stock price has fallen by about 35% since the beginning of this year, this pullback is reasonable after the stock price doubled in 2023.