Tesla's Deliveries Hit a Quarterly Record: Here's Why the Stock Is a Buy Right Now
(NASDAQ: TSLA) is due to report its financial results for the second quarter of 2023 (ended June 30) on July 19. However, as always, it released its quarterly electric vehicle production and customer delivery numbers ahead of time.
Both figures were at record highs, suggesting that the company's recent price cuts are having a positive impact on demand.
Selling a higher volume of cars at a lower profit margin is a strategic move by CEO Elon Musk, not only to fend off growing competition in the electric vehicle industry, but also because it creates an even bigger long-term opportunity for the company. Here's why.
Source Fool.com
Tesla Inc Aktie
196,08 €
0,61 %
Tesla Inc wird von der Community leicht favorisiert: Mehr Buy- als Sell-Einschätzungen.
Das von der Community festgelegte Kursziel von 246 € für Tesla Inc bedeutet eine mögliche Steigerung um über 20% im Vergleich zu 196.08 €.
