Tesla's stock price has tumbled sharply from its latest peak but some analysts don't see cause for concern.Despite the carmaker's 15% dip from its peak, some still see see double-digit gains for the stock ahead.

BofA Securities analyst John Murphy downgraded shares of electric-vehicle maker Tesla to Hold, but his new target price implies about 17% upside.

Tesla (TSLA) shares fell on Tuesday after a Bank of America analyst downgraded the stock from Hold to Buy. TSLA was trading 3.91% lower at 12:26 pm after showing some erratic behavior in early trading.

Tesla shares have gained ground the past two sessions after a five-day losing streak during which the stock lost 18% of its value. Monitor these important chart levels.

Automotive investors are a gloomy bunch, and there is good reason for that. Still, some car stocks look poised to have an impressive 2025.

Tesla (TSLA) stock saw an impressive 62.5% increase in 2024, driven by a strong year-end rally and growing optimism about the company’s prospects. One of the major catalysts for this surge has been CEO Elon Musk's support for President-elect Donald Trump,