Tesla stock fell on Friday after an epic gain the day before.Shares of the electric vehicle maker closed down 2.3% at $238.25, while the S&P 500 dropped 0.2% and the Dow Jones Industrial Average added 0.

Shares of Tesla Inc. slipped 2.32% to $238.25 Friday, on what proved to be an all-around mixed trading session for the stock market, with the Dow Jones Industrial Average rising 0.09% to 42,063.36 and the NASDAQ Composite Index falling 0.

However, Deutsche Bank analyst Ed Yu believes investors should take advantage of the dip. Yu resumed coverage of Tesla recently, rating the stock a buy and giving it a $295 price target -- about 30% above its current level. Here's why the analyst could be right.

A look back at how Tesla stock has performed since being added to the S&P 500 Index as Palantir and Dell join the market index.

For years, Tesla has maintained a strong position in the EV industry, but an analyst is suggesting the firm might be overlooked in AI.

Shares of electric-vehicle maker Tesla tend to be more volatile the day after a Federal Reserve interest-rate decision than on the day itself.