Below $400 Again, Is Tesla Stock a Buy?
Shares of electric-vehicle and energy specialist (NASDAQ: TSLA) are back below $400 as of this writing. Additionally, the stock is down about 12% year to date, even as Tesla keeps leaning harder into autonomy and a shift toward a more software- and services-driven model.
A pullback like this can look tempting given that Tesla is investing aggressively in promising growth initiatives. Its Robotaxi service, in particular, could morph into a major business for the company over the long haul. But the question is whether the economics of Tesla's newer, higher-margin initiatives will show up quickly enough -- and with enough durability -- to justify today's valuation.
Tesla Cybercab. Image source: Tesla.
Source Fool.com
Tesla Inc Stock
€296.45
-0.390%
Our community is currently high on Tesla Inc with 103 Buy predictions and 40 Sell predictions.
With a target price of 396 € there is a positive potential of 33.58% for Tesla Inc compared to the current price of 296.45 €.
