3 Reasons Why Amazon Can Beat Tesla Stock in 2023
Las year was a disheartening one for Amazon (NASDAQ: AMZN) and Tesla (NASDAQ: TSLA) shareholders. Both stocks were down 45% or worse in 2022 as the air came out of the 2020-2021 market bubble. Investors are concerned about Amazon's current lack of profitability and a potential slowdown in e-commerce sales, while Tesla investors are worried about intensified electric vehicle (EV) competitors and Elon Musk's Twitter acquisition.
Amazon and Tesla's returns were both down significantly in 2022, but I think that is set to change in 2023. Here are three reasons why Amazon's returns will outpace Tesla's in 2023.
Source Fool.com