$Tesla Motors(TSLA)$ Times are tough for Tesla. Demand is slowing. Costs are rising. Elon Musk is distracted and a distraction.
Ignore all that. Instead, focus on what Tesla is—the leading EV manufacturer in the world and one that has a decade-plus head start on other auto makers, as well. Tesla is able to produce cars at a much lower cost than its competitors, giving it room to cut prices to stoke demand in a way others can’t. Tesla stock is a risky bet, to be sure, but with shares off 72% from their all-time high, to $113.06, and near 21 times 12-month forward earnings, down from 201 times two years ago, the opportunity is too good to pass up.
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