With Its Shares Down 59%, Should You Pile Into This "Magnificent Seven" Stock?
It hasn't been fun being a (NASDAQ: TSLA) shareholder. What was once a darling on Wall Street has come crashing back down. A string of poorly received financial reports has given investors a lot to think about.
As of this writing, this "Magnificent Seven" stock is down 59% from its peak price, which was established in November 2021. Should you now pile into Tesla shares on the dip?
To be frank, Tesla's first-quarter financial results (for the period ending March 31) were very discouraging. Revenue dipped 9% year over year, driven by a 9% decline in vehicle deliveries and lower average selling prices.
Source Fool.com