Forget Tesla: Buy This Auto Stock
Tesla (NASDAQ: TSLA) stock peaked back in 2021, but the electric vehicle (EV) disrupter is still one of the best-performing stocks on the market over the last five years.
Shares surged in 2020 as Tesla proved it could be viable, turning a profit and making it clear that EVs were the way of the future. As a result, the rest of the auto industry has been playing catch-up since.
Tesla now has a market capitalization of roughly $750 billion, trouncing every other automaker, but there's trouble in EV paradise. Tesla's revenue growth slowed to just 9% in its recent quarter with automotive revenue up just 5%. Production growth has moderated, and price cuts led to declining profits year over year in the third quarter. The EV maker's once-vaunted operating margins went from 17.2% in the quarter a year ago to just 7.6%, and operating income fell by more than half to $1.76 billion.
Source Fool.com
Tesla Inc Stock
Our community is currently high on Tesla Inc with 76 Buy predictions and 28 Sell predictions.
With a target price of 247 € there is a positive potential of 27.5% for Tesla Inc compared to the current price of 193.72 €.
