2 REASON TO PURCHASE TESLA STOCK
1. Tesla is continue growing profits (TESLA STOCK)
Tesla not only has a major upcoming development download in the Cybertruck , but should also take comfort in the fact that Tesla is the rare electric vehicle maker that is profitable. Morgan Stanley analyst Adam Jonas recently said that “Tesla is the only name we cover that makes a profit (earnings before incentives) on the sale of EVS.”
In the first 3 quarters 2022, Tesla has made a profit of $ 8.9 billion with a revenue of $ 57 billion. Whereas Ford’s company has lost $3.3 billion on $114 billion revenue.
These are the reasons why we should invest in Tesla’s stock. This is a discount stock to buy tesla stock.
2. Cybertruck is coming (TESLA STOCK)
Tesla CEO Elon Musk kicked off 2019 with the unveiling of the company’s first truck to much fanfare. The company plans to have its first account at a low cost of less than $40,000. With production delays and higher currency and labor costs going up, it will cost a little more than the work originally did. Still, it seems likely that Tesla will try to price the vehicle to compete with the Ford F-150, the best-selling vehicle in the US last year.
The F-150 is Ford’s highest-volume vehicle, but Tesla could be part of some of the industry leaders. Cybertruck might just be the most anticipated electric vehicle ever released, with 3 million people already placing orders for the fact. For context there are a total of 10 instances of Tesla rage committed in the third quarter alone, attributing it to a key sales manager of the future.
Americans like their truck, Cybertruck is Tesla’s best selling vehicle. During the third quarter, Elon Musk said that we are in the final stages for the Cybertruck and production is going to start in the middle of 2023.
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