Tesla stock is roaring back after the crippling semiconductor shortage. After the first deliveries of the new Tesla Model X, investors expect the Elon Musk-owned carmaker to circumnavigate the semiconductor shortage better than rivals.
Also, Tesla’s deliveries for the third quarter beat all estimates.
To help stock traders eying the Tesla stock, Invezz has created a brief article on what it is and the best places to buy it.
To find out more, please continue reading.
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What is Tesla stock?
Tesla stock is the stock of Tesla, Inc. and it trades on NASDAQ under the symbol NASDAQ: TSLA.
Tesla, Inc. is an American-based car manufacturing company that specializes in designing, developing, manufacturing, selling, and leasing electric vehicles and energy generation and storage systems.
Besides the US, it has factories in China and a current Giga factory that is coming up in Berlin, Germany.
Besides, vehicles, the company also deals in other services related to sustainable energy products. It mainly deals with automotive, energy generation as well as energy storage.
Should I trade TSLA stock today?
If you are looking to invest in a car manufacturing company stock, then Tesla stock is one of the best especially since the company is investing in electric cars which are in line with the global push towards green energy.
Tesla stock price prediction
Tesla’s revenue is expected to grow massively especially once the various Giga factories it is building start producing and selling Tesla vehicles. This is expected to propel the price of Tesla stock to greater heights.
Tesla stock social media coverage
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