Forget Tesla: I Think This Stock Should Replace It in the "Magnificent Seven"
Thanks to its monumental growth over the years, (NASDAQ: TSLA) has become one of Wall Street's top performers. Shares of the electric vehicle (EV) business have soared a jaw-dropping 1,300% just in the last decade, easily outpacing the broader Nasdaq Composite index.
But the last couple of years have been difficult, as Tesla currently sits 58% below its peak price. The company is facing troubles that shareholders never thought would happen, and the financials are taking a hit.
I think investors should forget about this top EV stock. Instead, there's another booming business that deserves to replace Tesla in the "Magnificent Seven."
Source Fool.com
Tesla Inc Stock
Our community is currently high on Tesla Inc with 74 Buy predictions and 28 Sell predictions.
With a target price of 248 € there is a slightly positive potential of 16.05% for Tesla Inc compared to the current price of 213.7 €.