Tesla Just Solved Its Second-Biggest Problem
's (NASDAQ: TSLA) first-quarter results weren't quite as bad as the stock's post-earning setback suggests. Sure, revenue fell short of most expectations, but the bottom line came in better than the consensus. The market's mostly -- and understandably -- just concerned about the company's big spending plans for the remainder of the year, even if almost everyone agrees that its impending capital investments in capacity and artificial intelligence-driven opportunities make sense.
The thing is, while investors are focused on Tesla's past and projected top and bottom lines, they've largely lost sight of the most important numbers in the middle. That, and the fact that electric vehicles (EVs) still account for the lion's share of the company's results. And when zooming in on this particular business, things look pretty bullish.
Image source: Tesla.
Source Fool.com
Tesla Inc Stock
Currently there is a rather positive sentiment for Tesla Inc with 104 Buy predictions and 38 Sell predictions.
As a result the target price of 410 € shows a very positive potential of 53.59% compared to the current price of 266.95 € for Tesla Inc.
