Is Tesla Stock a Buy?

Thanks in part to a resurgence of stocks in 2023, (NASDAQ: TSLA) has seen its shares skyrocket this year. Boosting this performance were the company's better-than-expected financial results in each of the last two quarters. 

Even with a roughly $800 billion market capitalization, Tesla shares are still off 38% from their peak price set in November 2021. Now could be an opportune time to take a closer look at this industry-leading enterprise. 

Is this top electric vehicle (EV) stock a buy? Let's consider some important recent developments, as well as bigger-picture items, before coming to a conclusion. 

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Source Fool.com