Forget Tesla: I Think This Stock Should Replace It in the "Magnificent Seven"
Thanks to its monumental growth over the years, (NASDAQ: TSLA) has become one of Wall Street's top performers. Shares of the electric vehicle (EV) business have soared a jaw-dropping 1,300% just in the last decade, easily outpacing the broader Nasdaq Composite index.
But the last couple of years have been difficult, as Tesla currently sits 58% below its peak price. The company is facing troubles that shareholders never thought would happen, and the financials are taking a hit.
I think investors should forget about this top EV stock. Instead, there's another booming business that deserves to replace Tesla in the "Magnificent Seven."
Source Fool.com
Tesla Inc Stock
Currently there is a rather positive sentiment for Tesla Inc with 56 Buy predictions and 26 Sell predictions.
As a result the target price of 248 € shows a positive potential of 43.37% compared to the current price of 172.98 € for Tesla Inc.