Is Tesla Stock a Buy Ahead of Earnings?
On Wednesday, Tesla (NASDAQ: TSLA) will report its third-quarter results. After announcing record third-quarter deliveries, expectations for the electric-car maker’s financial performance during the period are high. Even more, a soaring stock price over the past year has raised the stakes for Tesla to keep growing its business rapidly.
Will the automaker be able to live up to the hype?
Ahead of the earnings report on Wednesday, some investors may be wondering whether or not they should buy shares of the growth stock before the update. After all, if Tesla announces better-than-expected revenue and earnings per share, the stock could jump.