Is Tesla the Best Electric Vehicle (EV) Stock for You?
(NASDAQ: TSLA) just had one of its most disappointing quarterly periods ever. That's not surprising, considering the backdrop of slowing electric-vehicle (EV) sales growth, but it's disappointing, nonetheless.
The stock market is forward-looking, and Tesla shares had already been beaten down based on lower vehicle production and deliveries, compared to the prior-year period. The stock has declined nearly 40% so far in 2024, even after shares rebounded when first-quarter results were announced.
That bounce in the stock was due to investors looking at the future. There will be a more affordable EV offering coming from Tesla.
Source Fool.com
Tesla Inc Stock
€193.72
4.100%
Our community is currently high on Tesla Inc with 76 Buy predictions and 27 Sell predictions.
With a target price of 247 € there is a positive potential of 27.5% for Tesla Inc compared to the current price of 193.72 €.
