Shares of Tesla (TSLA 0.04%) dropped more than 16% one day after the company announced earnings. Motley Fool analyst David Hanson is a little surprised by the market's reaction; after all, the carmaker reported some pretty good numbers, including delivering over 5,000 cars. Then again, David knows that an investment in Tesla is an investment in the company's future, and that future still looks good. CEO Elon Musk has stated that he thinks his company is currently overvalued, and David admits that some of the company's multiples are a bit high; but he thinks that the potential of the company to change the way we drive is undeniable, which is why it's a good play for the long run.
You're reading a free article with opinions that may differ from The Motley Fool's Premium Investing Services. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. Learn More
Investing in Tesla's Future
NASDAQ: TSLA
Tesla

Shares of Tesla are down big a day after the company’s earnings announcement -- is now the time to get in?
David Hanson has no position in any stocks mentioned. Fool contributor Mark Reeth has no position in any stocks mentioned. The Motley Fool recommends Tesla Motors. The Motley Fool owns shares of Tesla Motors. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
Stocks Mentioned

*Average returns of all recommendations since inception. Cost basis and return based on previous market day close.
Related Articles





Premium Investing Services
Invest better with The Motley Fool. Get stock recommendations, portfolio guidance, and more from The Motley Fool's premium services.