I Would Buy Tesla Stock at This Price

(NASDAQ: TSLA) is a fascinating business. The electric-vehicle and energy company is pushing into autonomous ride-sharing and humanoid robots while still ramping its core electric vehicle and energy storage operations.

I admire what Tesla is building and expect the company to be extremely successful over time. But valuation is a critical part of investing -- and at today's price, the stock already bakes significant growth for years to come, leaving very little margin of safety if the company's growth plans take longer than expected or if expanding into these new business lines costs more than anticipated.

With this backdrop in mind, I'd buy into the story -- but only at the right price.

Continue reading

Source Fool.com