Tesla (NASDAQ: TSLA) has become synonymous with electric vehicles (EVs) as the technology becomes more widely adopted. But that association with a trending investment niche didn't keep Tesla's stock from getting beaten up to start 2024 nor did it stop the stock from trading nearly 60% off its all-time highs.

For some, the stock price drop might be reason enough to avoid the stock. However, with some additional context and an exploration of Tesla's current position relative to its future, the situation could also be interpreted as a minor speed bump in Tesla's growth journey. Given the differing interpretations, one has to wonder if Tesla stock is better bought, sold, or held right now. Let's explore.

Image source: Tesla.

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Source Fool.com