Is Tesla Stock a Buy Now?

It's been a chaotic week for investors. The Dow Jones, the S 500, and the Nasdaq Composite all saw one of the worst multi-day stretches in years. This comes as a trade war escalated between the U.S. and its major trade partners, with China and the E.U. responding in kind to President Donald Trump's steep, sweeping new levies on goods from nearly every country in the world. To say markets were nervous is an understatement. That's now given way to optimism after Trump lowered tariffs on all partners save for China.

Amid the tumult, some investors are looking to buy stocks at what could be a discount. Could (NASDAQ: TSLA) be the right pick? The electric vehicle (EV) pioneer's stock has slid more than 6% since last Wednesday, when the tariffs were announced, before rebounding significantly. Still, Tesla stock is down nearly 45% from its high in January.

That's despite Tesla actually being profitable -- not something many of its EV competitors can say -- an innovator in autonomous driving and robotics, and its energy storage business growing rapidly. So, is Tesla the right opportunity right now?

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Source Fool.com