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Auto Stocks Down on Oil, Supply Chain, China Demand. Tesla Is Holding Up Better. – MarketWatch

News Snapshot:

Ford Motor is one of the automotive companies where shares sank Tuesday on rising oil worries. Scott Olson/Getty Images Automotive investors woke up to a growing oil shock Tuesday. But that’s only one of the issues causing auto-stock stress these days. Meanwhile, shares of electric vehicle manufacturer Tesla are holding up better . The Tesla (ticker: TSLA) stock price performance is small comfort to most automotive investors. Tesla is a growth stock. Most auto investors are part of the value tribe of the investing world. Valuation explains the growth/value schism. Tesla stock trade for roughly 80 times estimated 2022 earnings….

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