Is Tesla Stock a Buy?
Making electric vehicles mainstream, selling them for a profit, and becoming the richest man in the world in the process -- Tesla (NASDAQ: TSLA) CEO Elon Musk has done it all. And by generating profits for two straight years, Tesla has proved its naysayers wrong. The company's stock has risen some 1,400% over the past three years.
The big question now is whether the stock is still a buy. Again, the investors are sharply divided. Let's take a closer look at the stock to see whether it's Tesla bulls or bears who are likely right about the stock.
Had there been any doubts earlier, the growth in electric vehicles (EVs) in the past couple of years made it clear that the future of transportation is electric. Electric car sales, including plug-ins, more than doubled in 2021 to 6.6 million units. That was nearly 9% of the global car sales for the year. At 3.4 million units, the EV sales in China alone accounted for more than half of the global sales. Around 2.3 million EVs were sold in the Europe and over half a million in the U.S.
Source Fool.com
