Down 21% in the Last Month, Is Tesla Stock a Buy Now?
For the second quarter, ended June 30, (NASDAQ: TSLA) reported revenue of $24.9 billion and adjusted earnings per share of $0.91. Both figures handily beat Wall Street estimates. And at that point, the stock was up an impressive 137% in 2023.
But since that earnings announcement on July 19, it's been a completely different story, as shares of the electric vehicle (EV) company were down 21% as of Aug. 16. Clearly, shareholders are disappointed about something.
Does this pullback present investors with a worthwhile opportunity to buy Tesla on the dip?
Source Fool.com
Tesla Inc Stock
€202.35
-0.520%
Our community is currently high on Tesla Inc with 73 Buy predictions and 28 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 €.
