Tesla stock is down 12% today: here’s is where to buy the dip

Tesla stock has been on the decline since 4^th April. It is now trading at around $876 down from $1,145.

The stock is dropping as Tesla’s CEO and founder, Elon Musk, continues to trend following his purchase of Twitter Company using a loan leveraged against the Tesla stock, whose stock has been rising over the past week.

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To help stock traders who want to take advantage of the Tesla stock dip, Invezz has created a brief article on what it is and the best places to buy it.

To find out more, please continue reading.

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What is Tesla stock?

Tesla stock is the stock of Tesla, Inc. and it trades on NASDAQ under the symbol NASDAQ: TSLA.

Tesla, Inc. is an American-based car manufacturing company that specializes in designing, developing, manufacturing, selling, and leasing electric vehicles and energy generation and storage systems.

Elon Musk, one of the richest people on earth, is the CEO and owns a majority of the company’s shares besides owning other companies including SpaceX.

Should I buy the TSLA stock today?

It is a perfect time to buy Tesla stock since it is after a dip and if you buy you could make good cash when the stock corrects the recent dip.

Tesla stock price prediction

Although the Tesla stock is on the decline, analysts are optimistic that the dip is short-lived and the stock shall bounce back very soon.

Tesla social media coverage

elon financed his Twitter bid for 43bn (he hasn’t officially bought it yet) with a loan leveraged against tesla stock.
tesla dropped 11 percent today. 110bn market value lost.
if it loses 40 percent he has to repay his loan.
it would be funny except- no. wait. it is.
— Calvin Wong Tze Loon 黃子倫 ?? (@ithayla) April 26, 2022

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