Tesla Stock Just Made a New 52-Week Low. Here's Why It's a Buy Right Now.
Less than 12 months ago, Tesla (NASDAQ: TSLA) stock reached an all-time high of $414.50 -- adjusted for its recent 3-for-1 stock split. But it has since declined by more than half, touching a new 52-week low of $204.16 last week amid a slowing economy and the deepest bear market in the technology sector since the 2008 Global Financial Crisis.
But Tesla still holds plenty of promise as a business, especially over the long term. Here's why investors should use the dip in its stock as a buying opportunity.
Image source: Tesla.
Source Fool.com
