MMM - Forget Pre-Split Tesla: These 3 Stocks Are Better Buys
Small wonder Tesla (NASDAQ: TSLA) is planning a five-for-one stock split: its stock has skyrocketed more than 270% since the start of the year! With the split imminent, many investors are thinking about piling into the company's expensive shares in hopes that a lower post-split share price will encourage more investment.
However, Tesla's shares are currently trading at 97 times operating cash flow and 12.2 times sales, meaning it looks astronomically overpriced. With that in mind, we asked three of our Motley Fool contributors what automotive industry-related stocks they'd recommend instead. They came back with Dana Incorporated (NYSE: DAN), Clean Energy Fuels (NASDAQ: CLNE), and 3M (NYSE: MMM). Here's why.
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