Big Tech Sell-Off: Will Tesla Be the Next Domino to Fall?
On Oct. 25, the Nasdaq Composite suffered its worst daily decline since Feb. 21, led by a 9.5% slide in Google parent company Alphabet (NASDAQ: GOOG) (NASDAQ: GOOGL), a 5.6% decline in Amazon (NASDAQ: AMZN), and declines of over 4% in Nvidia (NASDAQ: NVDA) and Meta Platforms (NASDAQ: META).
Nvidia, Meta Platforms, and (NASDAQ: TSLA) have been three of the five best-performing S 500 stocks so far this year. But Tesla stock fell hard after its Q3 earnings disappointed investors. Still up big on the year, is Tesla stock due for a further correction, or should investors consider buying the dip on the electric car stock?
Image source: Getty Images.
Source Fool.com
Tesla Inc Stock
€199.92
-1.640%
Currently there is a rather positive sentiment for Tesla Inc with 72 Buy predictions and 29 Sell predictions.
As a result the target price of 240 € shows a positive potential of 20.05% compared to the current price of 199.92 € for Tesla Inc.
