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Did Tesla and Elon Musk Just Throw Nvidia Stock Investors a Huge Lifeline?

By Parkev Tatevosian, CFA – Apr 27, 2023 at 6:00AM

Nvidia investors might be glad to hear how a strategic decision at Tesla could boost the company's profits.

Tesla's (TSLA 3.40%) decision to focus investing in growth despite macroeconomic headwinds is great news for Nvidia (NVDA +2.26%) stock investors.

*Stock prices used were the afternoon prices of April 24, 2023. The video was published on April 26, 2023.

About the Author

Parkev Tatevosian, CFA
A Fool since 2019, and a graduate of Cal State LA with a B.S. in Finance and M.A. in Economics. Parkev is an adjunct professor of Finance and enjoys reading about financial and economic history. You'll often find him writing about stocks in the consumer goods and technology sectors.
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X@TMFParkev

Parkev Tatevosian, CFA has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Nvidia and Tesla. The Motley Fool has a disclosure policy.

Parkev Tatevosian is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through fool.com/parkev, he will earn some extra money that supports his channel. His opinions remain his own and are unaffected by The Motley Fool.

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