With Its Shares Down 59%, Should You Pile Into This "Magnificent Seven" Stock?
It hasn't been fun being a (NASDAQ: TSLA) shareholder. What was once a darling on Wall Street has come crashing back down. A string of poorly received financial reports has given investors a lot to think about.
As of this writing, this "Magnificent Seven" stock is down 59% from its peak price, which was established in November 2021. Should you now pile into Tesla shares on the dip?
To be frank, Tesla's first-quarter financial results (for the period ending March 31) were very discouraging. Revenue dipped 9% year over year, driven by a 9% decline in vehicle deliveries and lower average selling prices.
Source Fool.com
Tesla Inc Stock
Our community is currently high on Tesla Inc with 76 Buy predictions and 27 Sell predictions.
With a target price of 247 € there is a positive potential of 27.5% for Tesla Inc compared to the current price of 193.72 €.