After Impressive Quarter, Is Tesla Stock a Buy?
Tesla has had a great week so far, after reporting earnings that showed it's back on track to hitting its production goals. Forget about looking at profit when evaluating Tesla, right now. It's still a young company, and one that will be defined in the short term based on whether it can hit its production goals set for its flagship Model S sedan. Tesla's recent earnings report showed good news on this front - the company is producing 200 cars per week -- and is on track to make 400 per week by year's end. Still, as Brendan explains in the video below, he won't be betting on or against this company right now. It remains a speculative play with many challenges to come but, if anyone can navigate this difficult landscape, it's CEO Elon Musk.
One area where Tesla could be vulnerable is if an established automaker with deep pockets and strong economies of scale makes a big bet on the electric space. One company that could fit that profile could be Ford. Ford's stock has recently been performing well, but the company is still trading at cheap multiples historically. Does this create an incredible buying opportunity, or are there hidden risks with Ford's stock that investors need to know about? To answer that, one of our top equity analysts has compiled a premium research report with in-depth analysis on whether Ford is a buy right now, and why. Simply click here to get instant access to this premium report.
The article After Impressive Quarter, Is Tesla Stock a Buy? originally appeared on Fool.com.Brendan Byrnes owns shares of Ford and General Motors Company. The Motley Fool owns shares of Ford and Tesla Motors. Motley Fool newsletter services recommend Ford, General Motors Company, and Tesla Motors . Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
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