After declining for a few weeks as a result of Elon Musk selling his Tesla Shares, the Tesla stock has started roaring and it has gained over 7% today to trade above $1k.
Analysts believe the stock is geared for a long-term sprint as Tesla continues to dominate the electric vehicle market.
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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.
Elon Musk, one of the richest people on earth, is the CEO and owns a majority of the company’s shares besides owning other companies including SpaceX.
Should I buy the TSLA stock today?
TSLA stock had been on the decline for quite sometime and the bull market could possibly persist till the end of the year.
However, the EV market is currently facing chip shortage crisis; something that makes the stocks of most EV automakers quite unpredictable.
Tesla stock price prediction
There are high expectations that the TSLA stock shall close the year above $1,100.
However, the competition within the electric vehicle (EV) market is rapidly growing with new entrants challenging Tesla’s dominance.
$TSLA stock social media coverage
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