Is Tesla Stock a Buy?
It hasn't been a fun ride for shareholders of (NASDAQ: TSLA) recently. The stock is down 31% in 2024 (as of this writing). That seriously lags the 7% gain of the Nasdaq Composite Index.
The pessimism has been propelled by disappointing production figures. In the first quarter this year, Tesla unit deliveries fell 8.5% year over year to 387,000. This was substantially less than what analysts were hoping for from the top producer of electric vehicles (EVs).
Should investors buy this leading EV stock while it's currently 58% below its all-time high? Let's consider both the bull and bear arguments for Tesla.
Source Fool.com
Tesla Inc Stock
€202.35
-0.520%
Our community is currently high on Tesla Inc with 73 Buy predictions and 29 Sell predictions.
With a target price of 245 € there is a positive potential of 21.08% for Tesla Inc compared to the current price of 202.35 €.
