I'd Buy More of This Growth Stock Before the Market Figures Out What It's Missing
The market doesn't fully appreciate this emerging AI stock.
I'd Buy More of This Growth Stock Before the Market Figures Out What It's Missing
Overview
Tesla's (NASDAQ: TSLA) market cap is currently hovering around $1.2 trillion. Over the last three years, shares have soared by more than 50%.
What many investors may not realize, however, is that Tesla's auto sales are actually declining. Last year, Tesla's auto sales fell by 8%. In 2024, auto sales were down by around 1%.
Details
Tesla's core auto manufacturing business is by no means cratering. But it does raise the question: Why are shares doing so well despite declining sales in its biggest business segment?
Source
Originally published at www.fool.com.
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Disclaimer: This article is for informational purposes only and does not constitute investment advice. Data may be delayed up to 15 minutes. Past performance is not indicative of future results. Consult a licensed financial advisor before making investment decisions.
