Is Tesla a Recession-Proof Stock?
Investors often search for companies that can withstand economic downturns with minimal damage. These so-called recession-proof businesses typically sell essential products or services -- things consumers continue buying regardless of economic conditions.
At first glance, (NASDAQ: TSLA) might not seem to fit that description. The company sells cars, and the auto industry has historically been one of the most cyclical sectors in the global economy. During recessions, consumers often delay large purchases, such as vehicles.
So does that mean Tesla is especially vulnerable during economic downturns?
Source Fool.com
Tesla Inc Stock
€269.85
0.840%
Our community is currently high on Tesla Inc with 104 Buy predictions and 38 Sell predictions.
With a target price of 410 € there is a hugely positive potential of 51.94% for Tesla Inc compared to the current price of 269.85 €.
