Down Almost 30% in the Past Month, Here Are 2 Reasons to Buy Tesla and 1 Reason to Hold Off

·4 min read
Down Almost 30% in the Past Month, Here Are 2 Reasons to Buy Tesla and 1 Reason to Hold Off

The Nasdaq Composite has descended 28% year to date, and the Cboe Volatility Index -- commonly referred to as Wall Street's fear gauge -- has soared nearly 80% in the same time frame, highlighting investors' uneasiness at the present moment. Tesla (NASDAQ: TSLA), one of the most polarizing stocks on Wall Street, has joined the sell-off by shedding 41% of its value since the start of the year. While macro headwinds and Musk's dramatic potential takeover of Twitter surely haven't helped Tesla, the EV giant's business continues to make headway in a grand fashion.

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