Tesla Warns Shareholders of Heavy Investments to Support Growth

By Parkev Tatevosian, CFA – Jul 27, 2023 at 3:45AM

NASDAQ: TSLA

Tesla

Market Cap

$564B

Today's Change

(-1.39%) -$2.49

Current Price

$176.75

Price as of May 28, 2024, 4:00 p.m. ET

Tesla is facing stiff competition from rival automakers and is looking for new engines for growth.

Fool.com contributor Parkev Tatevosian highlights Tesla's (TSLA -1.39%) growth ambitions with massive investments in innovative technology.

*Stock prices used were the afternoon prices of July 23, 2023. The video was published on July 25, 2023.

Parkev Tatevosian, CFA has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends 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 his link, he will earn some extra money that supports his channel. His opinions remain his own and are unaffected by The Motley Fool.