Tesla's Deliveries Hit a Quarterly Record: Here's Why the Stock Is a Buy Right Now
(NASDAQ: TSLA) is due to report its financial results for the second quarter of 2023 (ended June 30) on July 19. However, as always, it released its quarterly electric vehicle production and customer delivery numbers ahead of time.
Both figures were at record highs, suggesting that the company's recent price cuts are having a positive impact on demand.
Selling a higher volume of cars at a lower profit margin is a strategic move by CEO Elon Musk, not only to fend off growing competition in the electric vehicle industry, but also because it creates an even bigger long-term opportunity for the company. Here's why.
Source Fool.com
Tesla Inc Stock
€227.50
0.220%
Our community is currently high on Tesla Inc with 88 Buy predictions and 52 Sell predictions.
With a target price of 249 € there is a slightly positive potential of 9.45% for Tesla Inc compared to the current price of 227.5 €.
