|Day's Range||519.70 - 523.26|
Barclays Senior Autos Analyst Dan Levy explains Tesla's stock rating outlook ahead of the EV developer's first-quarter delivery figures, while also commenting on vehicle prices and headwinds stemming from CEO Elon Musk's involvement with Twitter.
The last 12 months have not been kind to stock market investors, with the Nasdaq Composite down 17% over the period. Tesla (NASDAQ: TSLA) hasn't escaped the carnage, with its shares collapsing by a whopping 44% over the same time frame. Let's discuss why Tesla stock could be an excellent opportunity to buy on the dip.
Wall Street is always looking for its next-big-thing investment. While artificial intelligence (AI) is currently garnering a lot of attention, it's electric vehicles (EVs) that may have the more impressive runway. Meanwhile, the International Energy Agency expects that, by 2030, EVs will represent more than 60% of vehicles sold globally.