Forget Tesla, Buy This Magnificent Auto Stock Instead
The challenges that (NASDAQ: TSLA) has been facing are pretty well publicized. The electric vehicle (EV) business is dealing with a combination of slower sales growth and shrinking margins, primarily as a result of macro headwinds and competitive factors.
The company's recent fourth-quarter results missed analysts' revenue and earnings estimates, and shares have fallen 7% since issuing its Q4 report on Jan. 24 (as of Feb. 9). They currently sit 53% below their peak price.
But don't rush to buy on the dip just yet. In fact, you should forget about Tesla and consider buying this magnificent automotive stock instead.
Source Fool.com
Tesla Inc Aktie
190,74 €
-0,69 %
Tesla Inc sticht etwas positiv hervor mit 76 Buy- und 28 Sell-Einschätzungen.
Das von der Community festgelegte Kursziel für Tesla Inc von 248 € impliziert eine deutliche Steigerung gegenüber dem aktuellen Kurs von 190.74 €.
