Is Tesla A Buy?
๐๐๐Tesla's share price has been on a wild ride lately with its share price dropping 5% in the last 5 days. However it is up a massive 132% year todate.
has been hit by a series of bad news in the past 2 weeks. Yesterday its CFO Zachary Kirkhorn has been replaced by Vaibhav Taneja. This is the 2nd CFO in the last 4 years.
Then in July there was a delivery drop of 31% compared to June and a National Highway Traffic Safety Administration investigation on Model 3 steering wheel issues.
Can Tesla's share price recover from a peak of USD 299.50 in July and go past USD 300 and beyond?
Wall Street Analysts seem to think so with a Buy rating, the Target price ranging from USD 300 to USD 330.
Despite the current headwinds of high inflation, slowing economic growth, Tesla is a profitable company and financially strong. Tesla has over USD 23 billion in cash and a revenue growth of 47% year over year.
Tesla is more than just an EV company. It offers a vast product range from solar energy, self driving technology to AI chips and Tesla Bots. There is also Cyber truck rollout later this year.
I view the current drop in Tesla's share price as a temporary setback and a great buying opportunity before it hits USD 300 and beyond.
Elon Musk is the key driving force of Tesla and his vision of taking Tesla to the Trillion Dollar Club will be a reality sooner than later. It is just a matter when not how.
So Tesla at the current price of USD 251.45 is a great buy!
@Daily_Discussion @TigerStars @MillionaireTiger @Tiger_comments @Tiger_Earnings @CaptainTiger
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Shorts celebration cut short, wasnโt even down for a couple hours. Sheesh no dinner for you numbskulls tonight!
Picked up 12 more shares today at 248 anyway
Target 230 I will load a lot!!