Tesla: Buy the Dip?
Electric vehicles and autonomous driving are the key forces transforming the auto industry today. As a pioneer in these technologies, Tesla (NASDAQ: TSLA) seems well placed to threaten the decades-long dominance of top legacy automakers.
After Tesla posted massive sales growth and positive net income for seven quarters in a row, the company seemed to have mastered the art of business in addition to technology. The stock skyrocketed 20 times from around $40 to $883 in under two years. Investors who didn't get in early were disappointed after missing the rally.
But with Tesla stock having fallen 33% off its 2021 high, has their chance finally come? Let's analyze whether the latest dip offers an attractive entry point into this popular stock.
Source Fool.com
