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Ever Wonder What Drives Tesla's Revenue?

TheMotleyFool

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Ever Wonder What Drives Tesla's Revenue?: https://g.foolcdn.com/editorial/images/713150/teslasankeychartq32022_linkedin-twitter-fb.png

Any growth investor would be thrilled with the increase that electric vehicle (EV) leader Tesla (NASDAQ: TSLA) has reported in both revenue and income in 2022. But valuation still matters, and Tesla shares experienced a serious correction this year.

Shares have dropped about 57% year to date, nearly twice the decline experienced by the Nasdaq Composite index. But Tesla's fundamentals have been strong, with revenue increasing nearly 60% over the first nine months of 2022 versus last year. Now that the stock has corrected, it's a good time to break down where that revenue growth has come from to see if now would be a good time to buy Tesla shares.

Source Fool.com

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