Should You Buy Tesla Stock While It's Below $350?
At the start of this year, Tesla (NASDAQ: TSLA) had a share price of $428, but as CEO Elon Musk spent more and more time working for the Trump administration running the Department of Government Efficiency (DOGE) and less time at his automotive company, Tesla's stock began faltering.It's regained some momentum since Musk left Washington and returned his attention to Tesla, but the EV stock is still down about 20% this year, with a price per share of $325 as of June 16.The recent pullback likely has some investors wondering whether now is a good time to buy Tesla. Here's a quick comparison of the company's pros and cons -- and why it's probably best to hold off on buying the stock right now.Continue reading
At the start of this year, Tesla (NASDAQ: TSLA) had a share price of $428, but as CEO Elon Musk spent more and more time working for the Trump administration running the Department of Government Efficiency (DOGE) and less time at his automotive company, Tesla's stock began faltering.
It's regained some momentum since Musk left Washington and returned his attention to Tesla, but the EV stock is still down about 20% this year, with a price per share of $325 as of June 16.
The recent pullback likely has some investors wondering whether now is a good time to buy Tesla. Here's a quick comparison of the company's pros and cons -- and why it's probably best to hold off on buying the stock right now.
