The challenges that (NASDAQ: TSLA) has been facing are pretty well publicized. The electric vehicle (EV) business is dealing with a combination of slower sales growth and shrinking margins, primarily as a result of macro headwinds and competitive factors.

The company's recent fourth-quarter results missed analysts' revenue and earnings estimates, and shares have fallen 7% since issuing its Q4 report on Jan. 24 (as of Feb. 9). They currently sit 53% below their peak price.

But don't rush to buy on the dip just yet. In fact, you should forget about Tesla and consider buying this magnificent automotive stock instead.

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Source Fool.com