Tesla: Buy, Sell, or Hold?
Electric vehicle (EV) stocks had a rough 2023. Most stocks, that is. One that continued to provide strong returns to shareholders was (NASDAQ: TSLA). There are several reasons why Tesla stock doubled in 2023 even as its profit margins dropped.
One reason was that fears of growing competition didn't badly impact Tesla's volume growth. Another was its global diversity. But investors might now wonder whether locking in those gains makes sense, or if it's still time to buy more shares of the EV leader.
Tesla stock didn't double in 2023 because of its financial performance. Through the first nine months of the year, Tesla's profits actually dropped by 20% compared to 2022.
Source Fool.com
Tesla Inc Stock
€196.38
3.700%
Our community is currently high on Tesla Inc with 74 Buy predictions and 28 Sell predictions.
With a target price of 246 € there is a positive potential of 25.27% for Tesla Inc compared to the current price of 196.38 €.
