(NASDAQ: TSLA) has taken its investors on a bumpy ride. Shares have skyrocketed a jaw-dropping 1,150% in the past five years, which trounces the gain of the Nasdaq Composite. But the journey has been extremely volatile; the electric vehicle (EV) specialist's stock currently sits 55% below its peak.
Investors are likely familiar with this "Magnificent Seven" stock. But is Tesla a smart buy right now?
With 2023 revenue of $97 billion, Tesla has become a leader in the EV industry. The company's meteoric rise since its founding in 2003 has created some key competitive strengths that investors should be aware of when looking at the stock.
Source Fool.com