Is Tesla Stock a Buy Ahead of Earnings?
Tesla (NASDAQ: TSLA) stock has seemingly defied gravity this year. Shares are up about 230% year to date, obliterating the S&P 500's 3% decline over the same time frame. Zooming out to the past 12 months, Tesla's gains are even more astounding. Shares are up about 500% over this period.
With such a massive run-up in the electric-car maker's stock price, the company's upcoming earnings report is particularly important. Investors will look to see whether Tesla is living up to investors' sky-high expectations.
The big question on many investors' minds, however, is likely whether or not shares of the automaker are a buy before earnings on July 22. On the flip side, some current Tesla shareholders may be wondering if they should book their profits before the report.
Source Fool.com
