Tesla Stock: Should You Buy It?

Matt | Personal Finance

Tesla stock (TSLA) climbed roughly 5% Wednesday after the Electric Vehicle (EV) maker reported global electric vehicle deliveries that came in below Wall Street's low projections but produced more cars than expected   With increased compeition from BYD, Musk and Trump arguing in public and declining sales volumes, is Tesla still a good stock to buy?   And will the Tesla stock price go up or down next?   Watch the video to find out the latest news on Tesla!   #investing #stockpicks #Teslastock #Tesla #ElonMusk #Trump #stocks #shares #stockmarket #beststockstobuy #personalfinance #moneytips

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00:00Tesla's share price jumped yesterday after the carmaker posted a less drastic decline in vehicle

00:04sales than investment analysts feared. The company's vehicle deliveries during the last

00:09three months is down 13% compared to a year earlier. While that leaves Tesla with a lot

00:14of room for improvement to avoid another annual drop, some investors were braced for a more than

00:1920% plunge. Although Tesla's share price rose yesterday morning, it's still down about 22%

00:26for the year. The sales figures run counter to Elon Musk's claim in mid-May that Tesla's car

00:32business had recovered from an early-year slump, driven in part by backlash over his work in the

00:37Trump administration and Musk's very public argument with Trump over social media. Tesla was counting on

00:43a boost in the quarter from the redesigned Model Y sport utility vehicle, by far its most important

00:50product and critical to fend off competitors such as BYD from China who have been gaining significant

00:55share of the electric car market. Most analysts now expect Tesla to report its second consecutive

01:02annual decline in vehicle sales. Analysts surveyed by Bloomberg are on average projecting the company

01:07will deliver around 1.7 million vehicles in 2025, down from 1.8 million last year. And sales could be

01:15further challenged toward the end of this year if Congress passes the President's multi-trillion

01:20dollar spending bill that would eliminate tax credits for EV purchases. Although Tesla faces

01:26some challenging times ahead, the stock remains on my watch list, particularly as they look to build out

01:31and grow their driverless taxi service offering. If you found this video helpful, please subscribe to

01:36my channel, give the video a like, and I'll see you on the next video.

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