(NASDAQ: TSLA) stock had a great run in 2023, more than doubling in price from $118 to 248.
But since the start of 2024, the stock price has slumped by around 20%. So is now a good time to pick up some Tesla shares?
For a time, Tesla was on a multiyear winning streak. In 2019, it achieved its first-ever full year of profitability on a non-GAAP (generally accepted accounting principles) basis. The electric vehicle (EV) maker followed that with three years of record revenues, margins, and profitability.
Source Fool.com