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Why Tesla Stock Fell Sharply on Monday



#People & Blogs
Volatility should be expected from Tesla stock. It soared 743% last year as it won over Wall Street's attention. Tesla's sales jumped, and the company demonstrated strong profits. Also likely helping the stock price last year was a big year for growth stocks in general. Many such stocks soared 50% or more in 2020.
But growth stocks were taking a breather on Monday as the Nasdaq Composite fell 2.5%.
Most of Tesla's gains this year have evaporated. Shares are now up just 1.5% in 2021.
Now what
Tesla's underlying business will likely continue to grow rapidly this year. Indeed, management guided for vehicle deliveries to increase from about 500,000 in 2020 to more than 750,000 this year.
But with a very optimistic business view already priced into Tesla shares, it's difficult to predict where the stock could end up at the end of 2021.
There's one thing we can expect with near certainty: plenty more volatility.
Should you invest $1,000 in Tesla, Inc. right now?
Before you consider Tesla, Inc., you'll want to hear this.
Investing legends and Motley Fool Co-founders David and Tom Gardner just revealed what they believe are the 10 best stocks for investors to buy right now... and Tesla, Inc. wasn't one of them.
The online investing service they've run for nearly two decades, Motley Fool Stock Advisor, has beaten the stock market by over 4X.* And right now, they think there are 10 stocks that are better buys.

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