Forget Tesla, Buy This Magnificent Auto Stock Instead
The new year hasn't been kind to (NASDAQ: TSLA) and its shareholders. The electric vehicle (EV) maker reported disappointing fourth-quarter financial results in January. And as of March 1, shares are down 18% in 2024.
Tesla is dealing with softer demand trends, as well as worsening profitability. The EV stock currently sits at 50% off its all-time high, prompting some opportunistic investors to want to buy the dip.
But before doing so, it's best to consider another automotive stock instead.
Source Fool.com
Tesla Inc Stock
€214.70
3.970%
Our community is currently high on Tesla Inc with 74 Buy predictions and 28 Sell predictions.
With a target price of 247 € there is a slightly positive potential of 15.04% for Tesla Inc compared to the current price of 214.7 €.
