3 Reasons Why Tesla’s Monster Earnings Will Help It Keep Crushing The Nasdaq in 2022

Tesla (NASDAQ: TSLA) CEO Elon Musk is as polarizing of a figure as they come. On one hand, he has propeled the electric vehicle (EV) industry forward from a doubted concept to become a trend that legacy automakers are trying to ride. But he also receives criticism for actions like his online behavior and making a multi-billion-dollar offering to buy Twitter (NYSE: TWTR).

However, there's no denying that Tesla is a remarkable company. Tesla stock is up on the year while the Nasdaq Composite is down 13% and virtually every major carmaker to EV newcomer -- from Toyota to Rivian Automotive, is down 5% to 66%. Here's why Tesla continues to defy the Nasdaq's gravity in 2022, and whether the stock is a good buy now.

Image source: Tesla.

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Source Fool.com