It's been a strong start to the year for the stock market. The so-called "Magnificent Seven" stocks are driving gains, but one industry-leading enterprise and member of this group stands out as a poor performer.

As of March 6, (NASDAQ: TSLA) stock was down 29% in 2024. And since its all-time high, set in November 2021, shares of the electric vehicle (EV) business had fallen a notable 57%.

Should investors be opportunistic, take advantage of the sizable dip, and buy Tesla stock right now? Let's take a look.

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Source Fool.com