Up 38%, Is Tesla Stock a Buy?
With shares up 38% since Nov. 5, (NASDAQ: TSLA) has been a huge beneficiary of Trump's presidential election victory. CEO Elon Musk played a key role in the campaign, and many investors believe his company stands to benefit from the new economic and regulatory framework.
That said, Tesla's situation isn't all peaches and cream. Let's discuss some pros and cons of investing in the stock.
While Tesla benefited tremendously from being an early mover to the electric vehicle (EV) opportunity, its edge in brand recognition and technology seems to be stalling. Third-quarter revenue grew by a measly 2% year over year to $20 billion -- a far cry from the 74% growth the company posted in the corresponding quarter three years ago.
Source Fool.com
Tesla Inc Stock
€379.55
2.800%
Currently there is a rather positive sentiment for Tesla Inc with 114 Buy predictions and 48 Sell predictions.
As a result the target price of 397 € shows a slightly positive potential of 4.6% compared to the current price of 379.55 € for Tesla Inc.
