Ross Gerber, a longtime Tesla shareholder, outlined to BI four reasons he thinks the stock is vulnerable to a 50% pullback this year.

The final earnings release of 2024 finalized another difficult year for Tesla’s bottom line, as its full-year net income came in at $8.4 billion, a 23% decrease from 2023 and a 40% decline from 2022’s record $14.1 billion profit, though its full-year revenue rose $97.7 billion, a 1% improvement from 2023’s record.

Tom Blackburn became one of the first 100,000 people to buy a Tesla Model S. The purchase was part of a broader effort to adopt a more environmentally conscious lifestyle, which also included installing solar panels on his Virginia home.