Is Now a Good Time to Buy Tesla Stock?
With shares of Tesla (NASDAQ: TSLA) rebounding sharply on Tuesday, rising more than 11% at one point, investors might be wondering if now is a good time to get in on the beaten-down stock.
After all, shares of the automaker are still down more than 30% year to date. And this comes at a time the company is seeing rapid growth in vehicle deliveries and demand that far exceeds supply. Furthermore, the stock's price-to-earnings (P/E) ratio has plummeted over the past year, making the valuation more attractive.
To see whether shares are attractive today, let's take a closer look at the growth stock, its valuation, and the underlying business valuation.
Source Fool.com
