Buy the Dip on Tesla Stock? Forget It -- Here's Why.
With the Nasdaq Composite index in record territory these days, investors might think that all growth-focused businesses are soaring in value. That's just not true.
Take (NASDAQ: TSLA). The once high-flying electric vehicle (EV) stock is driving in the wrong direction. Shares are down 31% this year and off 58% from their all-time high, which was set in November 2021.
Contrarian investors might be thinking it's the perfect time to buy the dip on Tesla. I'd think twice about this course of action. Here's why.
Source Fool.com
Tesla Inc Stock
€202.35
-0.520%
Our community is currently high on Tesla Inc with 73 Buy predictions and 29 Sell predictions.
With a target price of 245 € there is a positive potential of 21.08% for Tesla Inc compared to the current price of 202.35 €.
