But that raises the question of whether you’ve missed the boat on Tesla. Not at all. The leading EV maker still has a long, open road in front of it.
Although a new Fisker (NYSE:FSR) is back on the market (auto designer Henrik Fisker retained some rights to the brand after his original car company was sold to Wanxiang), Big Auto has jumped into EVs with both feet, and Chinese EV automakers are pushing sales, Tesla is expanding as well. Its record production numbers are a testament to its capabilities, and even if deliveries might be challenged because of supply chain issues and chip shortages, the carmaker should have the financial wherewithal to persevere.
It’s no longer an untested start-up, but a leading automaker in its own right. With Tesla’s stock down 20% from recent highs, now could be time to get in for the EV maker’s next 14,000% rise.