Tesla Worth Buying

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Tesla Worth Buying

Tesla (Tsla): Worth Buying After Crash?

Things have taken a turn for the worse for Tesla (TSLA) stock with no end in sight. Now, many are wondering if it is the right idea to buy Tesla (TSLA) after the crash.

Turbulence is nothing for the long-term investors of the Tesla (TSLA) stock. In just the last 5 years, the Tesla (TSLA) stock has gained an astonishing 693%. So, even the recent history shows that big moves and massive volatility aren't something new to Tesla (TSLA).

Tesla (Tsla) Has A Market Cap Of 660 Billion

In terms of the percentage, the decline in Tesla (TSLA) is big. However, we must also remember that Tesla (TSLA) is a big company. Even today, the market cap of Tesla is 660 billion, making it more valuable than the majority of companies.

It seems that markets still see some value in Tesla (TSLA). Otherwise, there's no reason why it is still worth so much money even today.

However, the data from Tesla (TSLA) shows that things have not improved at all. The revenue is basically the same as last year. On top of that, the car sales volume has gone down.

So, as far as the growth is concerned, things aren't looking good for Tesla (TSLA). In fact, Tesla (TSLA) is now facing fierce competition from other companies like BYD.

In simple words, there are now more fish in the pond, which means Tesla's (TSLA) share in the EV market will definitely take a hit.

But despite Elon Musk's problems and the challenges faced by Tesla, one thing is certain... Tesla is a strong company with a solid business.

Tesla already has a large user base, and it also provides proprietary technology. Also, the first thing that comes to mind when talking about EVs is Tesla.

Also, selling cars is now just one of the many things that Tesla is doing. Now, Tesla is also making strong progress in the power generation sector.

However, the recent risks and the decline in earnings doesn't look good for the Tesla (TSLA) stock. Based on all of this, it is best to avoid buying Tesla (TSLA) stock for the time being.

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