Prediction: Tesla Stock Will Plunge to $100 If the Nasdaq Enters a Bear Market
Key Points The Nasdaq-100 technology index is down 8% from its recent peak, due to concerns about the sustainability of the artificial intelligence infrastructure spending boom. Last time the Nasdaq-100 plunged by 20% and entered a bear market, Tesla stock plummeted by 75% to around $100. History could repeat given Tesla’s declining earnings, and the…