Should You Buy Tesla While It's Below $350?
The EV stock is down 20% since reporting its second-quarter financial results on July 22.
Overview
The market wasn't pleased with Tesla's (NASDAQ: TSLA) Q2 2026 financial results (ended June 30). The business easily beat Wall Street's revenue estimates. However, its profit came in well below expectations, as operating expenses soared 47% year over year.
Since providing the financial update on July 22, this "Magnificent Seven" stock has fallen 20% (as of July 29). And it is no longer in the trillion-dollar club. Sentiment appears to be shifting.
Details
Should you buy Tesla on the dip while it trades below $350 per share? The answer really depends on your level of optimism regarding autonomous driving and robotics.
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.