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Meet the Supercharged Auto Stock That's a Better Buy Than Tesla
It's hard to argue with how Tesla has generated monster wealth. Just in the past five years, its shares are up an astonishing 523% -- and that's even as they trade 30% below their peak.Investors looking to buy the dip might be eyeing Tesla right now to add to their portfolios. However, it's worth highlighting the current price-to-earnings (P/E) ratio of 184, which demonstrates how much optimism investors still have about the company's future. This does not provide any margin of safety.All hope isn't lost, though. There's another option out there. Meet the supercharged auto stock that's a better buy than Tesla: Ferrari (NYSE: RACE).Continue reading
It's hard to argue with how Tesla has generated monster wealth. Just in the past five years, its shares are up an astonishing 523% -- and that's even as they trade 30% below their peak.
Investors looking to buy the dip might be eyeing Tesla right now to add to their portfolios. However, it's worth highlighting the current price-to-earnings (P/E) ratio of 184, which demonstrates how much optimism investors still have about the company's future. This does not provide any margin of safety.
All hope isn't lost, though. There's another option out there. Meet the supercharged auto stock that's a better buy than Tesla: Ferrari (NYSE: RACE).
