Is Now the Time to Buy Tesla Stock?
Business activity can't return to normal until the COVID-19 pandemic passes. Tesla (NASDAQ: TSLA) is waiting for that moment, after it had to shut down nonessential operations at its Fremont facility in California. But when companies can once again get back to work, Tesla's current strengths suggest that investors may wish they'd invested in the all-electric automaker now.
A MODEL S SEDAN PLUGGED IN TO CHARGE. IMAGE SOURCE: TESLA.
At least until the pandemic hit, Tesla was achieving remarkable growth in revenue. It grew at a compounded annual rate of 57% over the last four years, led by the introduction of the new Model 3 sedan. At this rate, Tesla's revenue will double every one-and-a-half years. How much longer this level of growth can go on remains to be seen.
Source Fool.com
