Tesla Is Doing Something It Has Never Done Before
One of the reasons Tesla (NASDAQ: TSLA) has been a trendy stock pick is its tendency to break all of the rules established by traditional automakers. Whether by solely offering electric vehicles (EVs), forsaking the dealer network model, using a non-union workforce, or not advertising, Tesla has disrupted the auto industry.
However, Tesla is about to back away from one item it has consistently not done: advertise its products. So how will this affect Tesla, and should investors be worried? Let's find out.
CEO Elon Musk said at Tesla's annual shareholder meeting: "We'll try a little advertising and see how it goes." As investors, this could be seen as a huge red flag or a kind of small green flag.
Source Fool.com
Tesla Inc Stock
€204.70
0.710%
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 slightly positive potential of 17.24% compared to the current price of 204.7 € for Tesla Inc.
