In a time where the Fear and Greed index shows extreme fear, it's understandable why many are staying away from the markets... However, investors who are able to hold on for the longer term may find this to be a good time to enter.
My suggestion for today is $Tesla Motors(TSLA)$.
Tesla has been battered recently, and is down almost 50% from its recent high of $1,200 per share. However, things look to be turning around for this EV maker.
Recently, it was announced that Tesla wouldbe adding a second shift at its factories, something that was impossible during the peak of Covid in Shanghai. Analysts are expecting a turnaround, with Tesla increasing production significantly in the second half of the year. Combined with the fact that Tesla is still a lead in the EV space, we could see increased profits very soon.
Another sign for those watching: Cathy Wood's ARK investments have recently added Tesla shares again, after a selloff earlier in the year.
This could be a great time to buy Tesla. Good luck to all!
Comments
Great Article about Tesla