Tesla Stock Looks Electrifying at This Price Despite Split Opinions
Electric vehicle producer Tesla (NASDAQ: TSLA) has been one of the most analyzed stocks on Wall Street since its public debut over a decade ago. While the cars have a sleek aesthetic and the underlying technology powering the vehicles seems like something out of the future, it's really the company's charismatic, albeit polarizing, CEO, Elon Musk, that has been at the nucleus of a lot of Tesla's attention.
With that said, here's a closer look at Tesla's third-quarter 2022 earnings report, the current valuation of the company, and what long-term investors should be focusing on moving forward.
In basic economic theory, prices tend to rise when consumer demand is rising and the supply of goods is falling. By contrast, when there is an excess supply of goods, consumer demand tends to fall, and so do prices.
Source Fool.com
