How COVID-19 Could Bankrupt Tesla
There has always been a fierce debate between bears and bulls about the future of Tesla's (NASDAQ: TSLA) stock. There's no questioning the company has disrupted the auto industry and changed the future of transportation, but that doesn't guarantee success for investors long-term. If COVID-19 sends the U.S. and even the world into a protracted recession, it could test Tesla in ways it's never seen before. Using our best and most educated guesses, here's how a worst-case scenario might play out.
Image source: Getty Images.
Tesla has been ordered to shut down the Freemont factory, and the Gigafactory in Nevada might be next after a non-essential shutdown was ordered by the Governor. So we can assume that auto operations are already falling off a cliff, at least short-term.
Source Fool.com
