Is Tesla Stock a Buy Today While It’s Down 44% This Year?


Source: fool.ca fool.ca

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Tesla stock fell 44% as supply issues weaken the auto industry and Musk deals with a lawsuit. Should you buy the stock today or wait for more downside? Tesla’s (NASDAQ:TSLA) stock dipped 44% this year and is heading toward a new 52-week low. It’s a stock to buy the dip, but is today a good time to buy? Tesla founder Elon Musk is all over the media for a lawsuit with Twitter (NYSE:TWTR). While Tesla is in the business of electric vehicles (EVs), which has its own headwinds, the Twitter trial is influencing Tesla’s share price in October. Why so?...