Is Tesla Stock a Buy Now?
(NASDAQ: TSLA) shares are extremely volatile, but they have remarkably rewarded investors. Just in the past five years, they have climbed 530% (as of May 30). This is despite the pandemic, supply chain issues, inflationary pressures, and general economic uncertainty that have concerned investors since mid-2020.
Currently, this electric vehicle (EV) stock trades 27% below its all-time record. Does this dip make Tesla a buy?
Image source: Tesla.
Source Fool.com
Tesla Inc Stock
€404.40
1.560%
Currently there is a rather positive sentiment for Tesla Inc with 106 Buy predictions and 41 Sell predictions.
However, we have a potential of -1.09% for Tesla Inc as the target price of 400 € is below the current price of 404.4 €.
