Should You Invest in Tesla Stock After Its Q3 Delivery Debacle?
One of the most scrutinized companies on Wall Street is electric vehicle (EV) maker (NASDAQ: TSLA). Its eccentric CEO, Elon Musk, is a media darling who seems to either capture the fandom of many or polarize the investment community at large.
Tesla has done a tremendous job in bringing much-needed innovation to the automobile industry. However, after it recently fell short of delivery estimates, investors just got a full-blown picture of how the business looks -- and it's not good. As Tesla's stock price continues to crater after third-quarter earnings, some investors may be wondering if the party is over or if this is a unique buying opportunity.
While Q3 left investors with more concerns than positive affirmations, I still think there is plenty to like. From new product launches to a strong capital structure, Tesla is well-positioned to succeed in the long term.
Source Fool.com
Tesla Inc Stock
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 positive potential of 20.79% compared to the current price of 198.7 € for Tesla Inc.
