Times are tough for Tesla, with demand slowing, costs rising and Elon Musk both distracted and a distraction, Al Root writes in this week’s edition of Barron’s. It’s time to buy the stock, the author adds, noting that Tesla is the leading EV manufacturer in the world and one that has a decade-plus head start on other auto makers, as well. Tesla stock is a risky bet, to be sure, but with shares off 72% from their all-time high, to $113.06, and near 21 times 12-month forward earnings, down from 201 times two years ago, the opportunity is too good to pass up, Root argues. See today’s best-performing stocks on TipRanks >>
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