Analysts have begun to doubt the stock's high valuation, particularly as Tesla grapples with price cuts, increasing competition from other automakers — particularly in China — and high borrowing costs, among other issues. Tesla's poor performance so far this year has also dragged down investor sentiment on the "Magnificent Seven" batch of technology stocks. TSLA 1Y mountain Tesla shares over the past year. After the Magnificent Seven posted outsize returns last year, some investors have been worried that the group will see a pullback amid a broadening market rally, taking away its clear market leadership.