Reported about 1 year ago
Tesla's stock has seen a significant rise in the past five years despite being volatile, currently sitting 55% below its peak. The company has strong competitive strengths in the EV industry, with a solid brand and cost advantages. However, recent challenges include a slowdown in sales, increasing competition, and price cuts affecting margins. Even with an expensive valuation and uncertain future projects, some investors see it as a buying opportunity, while others believe the stock is overvalued, especially considering Elon Musk's history of overpromising and underdelivering. The article advises against buying Tesla shares at the current time.
Source: YAHOO