Now That Tesla Is at a Two-Year Low, Is This a Once-in-a-Decade Opportunity to Buy?
Investors have grown apprehensive about what will happen to demand for Tesla's (NASDAQ: TSLA) electric vehicles in a weaker economic environment for large consumer discretionary purchases. As a result, many shareholders bolted, and the stock finished 2022 down 65%. But after the stock slumped by 12% on its first trading day of 2023, some investors now wonder how close the global EV manufacturer is to a bottom that could provide a once-in-a-lifetime opportunity to buy.
Let's take a look at a few risks Tesla faces, and why, in spite of them, investors still might want to buy the stock in 2023.
Auto industry analysts pay close attention to trends at Tesla's Shanghai plant, the company's largest vehicle manufacturing site. And what investors are seeing has them scared.
Source Fool.com