1 Thing That Matters Most for Tesla Stock Investors

While it has taken investors on a bumpy drive, no one can deny that Tesla (NASDAQ: TSLA) has worked out to be a wildly successful stock. In the past 10 years, shares have rocketed 1,700% higher (as of July 10). The company's revenue growth has slowed, to be sure, but Tesla is now consistently profitable, which is a positive development.Even though the business might not be firing on all cylinders right now, the market continues to give Tesla the benefit of the doubt. Shares trade 35% off their peak from December last year, but they're very expensive, at a price-to-earnings (P/E) ratio of 170.4. It seems that Tesla is always at a nosebleed valuation regardless of what's going on with the underlying fundamentals.Existing shareholders, as well as those investors looking to buy the electric vehicle (EV) stock, need to understand what's going on. Here's what matters most as we look at Tesla's future.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool