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
€296.20
-0.470%
Our community is currently high on Tesla Inc with 103 Buy predictions and 40 Sell predictions.
With a target price of 396 € there is a positive potential of 33.69% for Tesla Inc compared to the current price of 296.2 €.
