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Tesla stock rises after worst day in almost 5 years as Morgan Stanley says buy the dip

Tesla bounced back on Tuesday following its worst day in five years after one of Wall Street's biggest bulls said it was time to buy the stock.
The article from AOL Finance discusses Tesla's stock performance following a significant drop, marking its worst day in over a year. Despite this sharp decline, Tesla's stock rebounded, rising by 1.7% in premarket trading. This recovery came after a 9.7% plunge, which was triggered by concerns over the company's profit margins due to price cuts on its vehicles. Analyst Dan Ives from Wedbush Securities commented that while the price reductions might pressure short-term margins, they could lead to higher volumes and potentially better margins in the long run. The article also notes that Tesla's stock has been volatile, with a year-to-date increase of about 60% before the recent drop, reflecting both the high expectations and the inherent risks associated with Tesla's market strategy.

Read the Full AOL Article at:
https://www.aol.com/finance/tesla-stock-rises-worst-day-151334278.html

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