1 Obvious Thing Tesla Permabears Miss
Tesla (NASDAQ: TSLA) has been a battleground stock for nearly its entire history as a public company. The electric vehicle pioneer has had plenty of ups and downs over the past decade, but bulls have been vindicated over time. Tesla stock has surged from a split-adjusted IPO price of $3.40 in 2010 to over $700 today.
Nevertheless, a surprisingly large group of bears continue to believe that Tesla is a house of cards doomed to collapse. Yet these investors associated with the "$TSLAQ" cashtag miss a single, rather obvious point: Tesla's business fundamentals have improved dramatically over the past two years.
Skeptics have criticized Tesla on a number of fronts over the years. Many bears have argued that the company would always struggle to make money in the ultra-competitive auto industry, especially because of Tesla's comparative lack of scale. Others have doubted its growth potential, arguing that outside of a small base of dedicated fans, electric vehicles held very little appeal for consumers. And some bears have highlighted safety and quality lapses or accounting irregularities as existential threats to the company.
Source Fool.com
