1 Key Investing Metric Is Waving a Massive Green Flag for Tesla -- Time to Buy the EV Leader's Stock?
(NASDAQ: TSLA) remains the clear-cut leader in the electric vehicle (EV) market, but its stock has seen some volatile trading in recent years. Notably, the EV leader's share price is still down roughly 35.5% from the all-time high it hit in November 2021.
But while the stock is down big from its peak, CEO Elon Musk's vehicle manufacturer actually turned an important corner that year and continues to deliver an encouraging performance. The data in the chart below offers some clues as to why that is. Let's take a closer look at what this information from data specialist New Constructs shows and see what it might mean for Tesla's investors.
Source Fool.com
Tesla Inc Stock
€206.95
1.820%
Currently there is a rather positive sentiment for Tesla Inc with 72 Buy predictions and 29 Sell predictions.
As a result the target price of 240 € shows a slightly positive potential of 15.97% compared to the current price of 206.95 € for Tesla Inc.
