The recent selloff in Tesla Inc.'s stock undefined has created a "generational investment opportunity" in one of the most compelling growth...
The recent selloff in Tesla Inc.'s stock has created a"generational investment opportunity" in one of the most compelling growth stories, said CFRA analyst Garrett Nelson, as he believes the electric vehicle market leader has long-term potential similar to technology disruptors such as Apple Inc. and Amazon.com Inc. several year ago.
and Amazon.com Inc. several year ago. Nelson believes the stock has been"unfairly punished" from a broad tech selloff, growing recession fears, COVID-19-related production issues, Chief Executive Elon Musk's buyout bid for Twitter Inc. and the effect of increasing competition and costs on earnings. The stock has tumbled 32.7% year to date through Tuesday, while the S&P 500 SPX has dropped 21.0%.
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