2 Reasons to Avoid Tesla Stock Right Now
Tesla (NASDAQ: TSLA) was the darling stock of 2020. At first, It seemed as if the admiration would continue in 2021 as share prices hitting a record $884 on Jan. 8.
But since then, Tesla shares slipped 8% in a day and are currently trading down almost 4%. Has reality finally cracked investor fervor for Tesla?
I'm not a big Tesla fan -- but I'm far from a permabear. In fact, I've watched Tesla closely for years now, and the company's shown amazing execution ability despite being in the challenging automotive industry. Tesla fell just short of its goal of delivering 500,000 vehicles in 2020. That was impressive, considering COVID-19's disruptive effect on global manufacturing.
Source Fool.com
