Forget Tesla: Consider This Magnificent Auto Stock Instead
From NASDAQ:
Tesla experienced a 3% increase in revenue in the last quarter of 2024, a significant slowdown from previous years. Share prices decreased as a result. Investors should consider an alternative auto business, as Tesla’s growth is declining. Ferrari, though, has seen incredible success as a luxury brand, with significantly higher margins than Tesla. Despite economic uncertainty, Ferrari remains recession-resistant and is a valuable investment. It might be worth keeping an eye on. However, Ferrari’s current price-to-earnings ratio of 48.2 might be high for potential investors.
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