Investors still believe Tesla stock price will rebound following Tesla’s strong performance despite the fact that it has seen the worst week in 20 months after Elon Musk sold out shares worth billions of dollars.
To help stock traders eying the Tesla stock, Invezz has created a brief article on what it is and the best places to buy it.
To find out more, please continue reading.
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What is Tesla stock?
Tesla stock is the stock of Tesla, Inc. and it trades on NASDAQ under the symbol NASDAQ: TSLA.
Tesla, Inc. is an American-based car manufacturing company that specializes in designing, developing, manufacturing, selling, and leasing electric vehicles and energy generation and storage systems.
Elon Musk, one of the richest people on earth, is the CEO and owns the majority of the company’s shares besides owning other companies including SpaceX.
Should I buy the NASDAQ: TSLA stock today?
Despite the current dip, the TSLA stock is expected to roar back upwards. Therefore, buying the dip would be a great idea.
Tesla stock price prediction
The current dip is viewed by many as a short-lived drop triggered by Elon Musk’s selling of Tesla stocks.
However, expectations that Tesla’s revenue will grow massively especially once the various Giga factories it is building become operational and that is expected to propel the price of Tesla stock to greater heights.