Is Tesla a Tech Stock? This Indicator Might Flip the Narrative.
Investors have long debated whether Tesla (NASDAQ: TSLA) should be considered an auto stock or a tech stock. While Tesla's primary products are electric vehicles (EVs), many aspects of its business -- like self-driving vehicles and connectivity subscriptions -- give it a tech flavor. Plus, if you look at Tesla's margins, they don't look like a traditional automaker's at all.
However, there has been a shift in one of these factors recently, and it could signal Tesla's shift to one side of the debate.
Over the past few years, Tesla's margins have grown to levels that most legacy automakers (except ultra-premium ones like Ferrari) could only dream of.
Source Fool.com
Tesla Inc Stock
€204.70
0.710%
Currently there is a rather positive sentiment for Tesla Inc with 72 Buy predictions and 29 Sell predictions.
As a result the target price of 240 € shows a slightly positive potential of 17.24% compared to the current price of 204.7 € for Tesla Inc.
