3 Things You Need to Know if You Buy Tesla Today

Thanks to its innovative vehicles, disruptive focus, and visionary founder and CEO, (NASDAQ: TSLA) is a business that seems to always be in the spotlight. This has become one of the world's most valuable companies, now with a market cap of $692 billion.

But investors aren't too pleased because the shares are currently trading 46% below their peak price from Nov. 21. Before you decide to add this top electric vehicle (EV) stock to your portfolio on the dip, here are three things you need to know.

Tesla reported its second-quarter 2024 (ended June 30) financials not too long ago. Based on the stock's double-digit percentage dip, the market clearly wasn't pleased. This marks another quarter of disappointing performance from the EV leader.

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Source Fool.com