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tesla sharesYahoo Finance
•Technology
Technology
80% Informative
Tesla shares have declined 26% year to date due to the combination of disappointing fourth-quarter results, worrisome guidance, and allegations of drug use by CEO Elon Musk .
The long-term investment thesis remains intact, and the recent drawdown creates a buying opportunity for Tesla bulls.
Morgan Stanley analyst Adam Jonas is equally bullish on adjacent mobility and network services.
Tesla could produce a return of that magnitude or higher in five to 10 years .
That is highly unlikely, given the difficult industry climate and negative sentiment surrounding the stock.
Tesla is one of the 10 best stocks for investors to buy right now, and Tesla made the list.
VR Score
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