Should You Buy Tesla Stock After Its Post-Earnings Dip?
The electric vehicle stock is now down nearly 40% from its high.
Overview
Tesla (NASDAQ: TSLA) reported earnings last week, and the stock has been in sell-off mode since. The numbers clearly didn't impress investors, sending the stock, which was already struggling heading into the earnings release, into a tailspin. As of Monday, the stock was down more than 31% year to date, and it's in danger of hitting a new 52-week low.
Could the stock be a good buy at its reduced valuation?
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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.