I would buy Tesla stock at this price
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This article was originally published on Fool.com. All figures quoted in US dollars unless otherwise stated.
Key Points
- Tesla’s core business is gaining momentum again after a weak stretch earlier this year.
- The company is pouring cash into autonomy, robots, and energy projects that are reshaping the business.
- Management’s growth plans will incur substantial costs — on top of an already capital-intensive business.
Tesla (NASDAQ: TSLA) is a fascinating business. The electric-vehicle and energy company is pushing into autonomous ride-sharing and humanoid robots while still ramping its core electric vehicle and energy storage operations.
I admire what Tesla is building and expect the…
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