#1 - Tesla (NASDAQ:TSLA)
Tesla (NASDAQ: TSLA) leads our list of Reddit stocks to buy in 2023. The company and its stock have been in the news a lot in 2022, heavily due to a stock split that took place in August. Most headlines stirred due to founder and CEO Elon Musk’s purchase of Twitter. Musk notably sold off TSLA shares to help finance the purchase.
Some rumblings accuse the visionary billionaire of having too much on his plate. If that’s the case, it’s hard to see that in the company’s earnings reports. The company continues to grow revenue and earnings on a year-over-year basis. Both are set to grow at rates above 30% and 40%, respectively, for the next five years.
Electric vehicles may not be the mainstream choice, but it certainly seems as if critical mass continues to build in this space. If that’s the case, Tesla should have a large seat, if not the largest seat, at that table.
About Tesla
Tesla, Inc designs, develops, manufactures, leases, and sells electric vehicles, and energy generation and storage systems in the United States, China, and internationally. The company operates in two segments, Automotive, and Energy Generation and Storage. The Automotive segment offers electric vehicles, as well as sells automotive regulatory credits; and non-warranty after-sales vehicle, used vehicles, body shop and parts, supercharging, retail merchandise, and vehicle insurance services.
Read More - Current Price
- $341.68
- Consensus Rating
- Hold
- Ratings Breakdown
- 14 Buy Ratings, 16 Hold Ratings, 9 Sell Ratings.
- Consensus Price Target
- $230.18 (32.6% Downside)
