2 Reasons Why Now Is Not the Time to Buy Tesla Stock
Tesla (NASDAQ: TSLA) has been among the best-performing stocks in the last five years, delivering a mind-blowing 861% return to investors.
The stock has come under tremendous pressure in recent weeks after the electric vehicle (EV) manufacturer reported a disappointing quarterly result. The bears are concerned about several challenges Tesla faces, while the bulls are considering buying Tesla's stock to take advantage of the price correction.
An analysis of the situation suggests the bulls could be making a wrong move here. There are at least two reasons why.
Source Fool.com
Tesla Inc Stock
€194.58
1.230%
Our community is currently high on Tesla Inc with 76 Buy predictions and 28 Sell predictions.
With a target price of 248 € there is a positive potential of 27.45% for Tesla Inc compared to the current price of 194.58 €.
