Tesla Stock vs. Amazon Stock In 2023

Keith Speights called Tesla and Amazon stocks “innovative, game-changing and fortune-making” in a recent analysis comparing the two companies. The evaluation looks at problems faced by each company’s stock, such as how their shares dropped significantly over much of the past year, along with what makes them competitive options for investors looking forward.

Similarly, Tesla faces less-than-favorable economic headwinds, and increased competition from automakers ramping up electric vehicle production. Speights also notesalongside investor disappointment in Q4 production and delivery numbers. Despite these and other factors, the automaker isn’t exactly struggling to make a profit.

Amazon may face reduced inflationary pressures in 2023, and e-commerce still stands to grow in years ahead, capturing just 14.8 percent of total retail sales in the third quarter of 2022 . The company’s Amazon Web Services also remains the current leader in the cloud hosting market.

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