The stock market is soaring yet again. But this time, (NASDAQ: TSLA) is not leading the charge. In fact, the market is up in spite of the electric vehicle (EV) leader.

Tesla shares have fallen a whopping 34% year to date (YTD) as of this writing, while the Nasdaq-100 continues to rise. The stock is now off 60% from all-time highs, while the broad market is close to all-time highs.

We are at another crossroads with Tesla stock. Bulls will argue this is a perfect buying opportunity as the company prepares for its next leg of growth. Bears will argue the company is finally heading toward a normal valuation that a manufacturing-based business deserves to trade at.

Continue reading

Source Fool.com