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StockNews.com
StockNews.com
Business
Imon Ghosh

Is Tesla a Buy Under $810?

The world’s largest electric vehicle maker, Tesla, Inc. (TSLA) in Austin, Tex., has seen its share price collapse 6.6% over the past five days, with all major indexes posting losses in recent days amid an intensifying tension between U.S. and Russia over Ukraine. While the stock has gained 13% over the past six months on the back of record vehicle deliveries in 2021 and phenomenal quarterly operating margin, TSLA’s production and delivery of its Model S/X dipped 19% and 38%, respectively, year-over-year. The EV giant experienced a continuation of supply chain, transportation, labor, and other manufacturing challenges in the fourth quarter that affected its ability to run its factories at full capacity.

TSLA’s stock slumped 13.9% in price over the past month to close its last trading session at $809.87. 

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