Should You Buy Tesla Stock This Month?

Tesla Inc. (NASDAQ: TSLA) is the world's most successful electric vehicle (EV) manufacturer. The company has rapidly grown in recent years. It excels at the cutting edge of EV technology, and it now enjoys a dominant position in the market. When Tesla built a factory in China, it was focused on one thing: dominating the Chinese EV market as it does in North America and Europe. China is the world's largest EV market with untapped growth potential. Tesla's move appears to be working. Last month, it delivered one-third of all EVs sold in China. Tesla now has production facilities in North America, China, and Europe. This allows it to avoid significant tariffs and compete with local brands. Tesla has now delivered 3 million cars worldwide. As Tesla continues to scale its production, sales are expected to grow. Investors are confident about the long-term success of the company. There's an upside expected on the stock. Shares closed at $900.09 on Friday. The average target is $960.06, while the most bullish target is $1,580. This stock isn't cheap but it could provide strong returns. Tesla is arguably the best EV stock available today. Leverage your money by making better choices in the market. Use these investment strategies to find growth. The information above is impersonal and does not provide individualized advice or recommendations for any specific reader or individual portfolio. The opinions are our own and we have not been compensated in any way to review the symbols mentioned above.  sponsored ads below Are you ready to earn more income? America's #1 trading champion, Chuck Hughes, wants to share his tips and tricks with you, but hurry! Time is running out. Get a free copy of "Options Trading Made Easy" when you register for the Trade of the Day eletter. Full of advice, tips, and tricks! 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