Forget Tesla, Buy This Magnificent Auto Stock Instead
The challenges that (NASDAQ: TSLA) has been facing are pretty well publicized. The electric vehicle (EV) business is dealing with a combination of slower sales growth and shrinking margins, primarily as a result of macro headwinds and competitive factors.
The company's recent fourth-quarter results missed analysts' revenue and earnings estimates, and shares have fallen 7% since issuing its Q4 report on Jan. 24 (as of Feb. 9). They currently sit 53% below their peak price.
But don't rush to buy on the dip just yet. In fact, you should forget about Tesla and consider buying this magnificent automotive stock instead.
Source Fool.com
Tesla Inc Stock
€174.86
0.130%
Currently there is a rather positive sentiment for Tesla Inc with 57 Buy predictions and 31 Sell predictions.
As a result the target price of 249 € shows a positive potential of 42.4% compared to the current price of 174.86 € for Tesla Inc.
