Is Tesla Stock a Buy?
It has been a fantastic year to be a (NASDAQ: TSLA) shareholder. Even though shares are off 41% from their peak price, they're up 95% in 2023 (as of June 26). This performance crushes the 27% gain for the Nasdaq Composite Index. And it's a clear indication that investors are starting to feel more optimism about the direction of the business.
But for those who have been on the sidelines, is Tesla stock a buy today? Let's dive deeper to understand what's happening with this top electric vehicle (EV) maker.
One thing stands out when you look at the company's latest financial results, and that's the drastic slowdown in revenue growth. In the first three months of 2023, total revenue of $23.3 billion was up 24% year over year. This gain is impressive, but it is the fourth straight quarter that this metric has decelerated.
Source Fool.com
Tesla Inc Stock
Currently there is a rather positive sentiment for Tesla Inc with 75 Buy predictions and 28 Sell predictions.
As a result the target price of 246 € shows a positive potential of 28.81% compared to the current price of 190.98 € for Tesla Inc.
