Down More Than 20% in 3 Weeks, Is Tesla Stock a Buy?
Shares of electric-car maker (NASDAQ: TSLA) have endured a rough few weeks. The growth stock has lost more than one-fifth of its value in just three weeks. Investors have been concerned with price cuts, slowing deliveries, and somber remarks from Tesla CEO Elon Musk during the company's third-quarter earnings call regarding the current economy and its impact on demand for autos.
Is the growth stock's pullback a buying opportunity for investors? Or is it a sign of potentially worse things to come?
Though Tesla shares are still up nearly 60% year to date, there's undoubtedly been a shift in market sentiment toward the stock to a more negative view recently.
Source Fool.com
Tesla Inc Stock
€194.00
0.930%
Our community is currently high on Tesla Inc with 76 Buy predictions and 28 Sell predictions.
With a target price of 248 € there is a positive potential of 27.84% for Tesla Inc compared to the current price of 194.0 €.
