Should You Buy Tesla While It's Below $250?
No one will argue with the simple fact that Tesla (NASDAQ: TSLA) has been a spectacular investment. In the past five- and 10-year periods, its shares have accelerated 396% and 1,640% higher, respectively (as of April 15). Investors have bet big on founder and CEO Elon Musk's vision.But sentiment is shifting to the downside. Propelled by a stomach-churning 50% drop from its record high, this top electric vehicle (EV) stock now trades below $250 per share. Does this make it a smart buying opportunity?Investors should understand that there are valid arguments on both sides of the aisle when it comes to Tesla deserving a place in your portfolio.Continue reading
No one will argue with the simple fact that Tesla (NASDAQ: TSLA) has been a spectacular investment. In the past five- and 10-year periods, its shares have accelerated 396% and 1,640% higher, respectively (as of April 15). Investors have bet big on founder and CEO Elon Musk's vision.
But sentiment is shifting to the downside. Propelled by a stomach-churning 50% drop from its record high, this top electric vehicle (EV) stock now trades below $250 per share. Does this make it a smart buying opportunity?
Investors should understand that there are valid arguments on both sides of the aisle when it comes to Tesla deserving a place in your portfolio.
