1 Magnificent S&P 500 Stock Down 58% to Buy and Hold Forever
Investors seem to have soured on Tesla (NASDAQ: TSLA), particularly in recent months. The leading electric vehicle stock has suffered from lightened demand for EVs. Also, a perception of changing priorities in some parts of its business may have given investors pause. Consequently, its stock sells at a 58% discount to its high set in 2021.
Nonetheless, such lower prices often amount to buying opportunities, particularly when a company can overcome its challenges. That will likely be the case with Tesla, and an emerging business could greatly enhance that recovery.
Indeed, the slump in EV sales has hurt Tesla, and many investors have worried about competition from Chinese EV maker BYD. Competition and price cuts have compressed gross margins, which has soured some investors on Tesla stock.
Source Fool.com
Tesla Inc Stock
Our community is currently high on Tesla Inc with 76 Buy predictions and 27 Sell predictions.
With a target price of 247 € there is a positive potential of 27.5% for Tesla Inc compared to the current price of 193.72 €.
