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2 Reasons to Sell Tesla Stock Right Now (and 1 Reason to Buy)

The Motley Fool
Summary
Nutrition label

78% Informative

Tesla 's automotive business appears to be stagnating while margins continue to contract.

U.S. sales growth has slowed to 2.6% year over year in the first quarter of 2024 .

The biggest challenge might come from low-cost Chinese rivals like BYD , which overtook Tesla as the world's largest EV maker in January .

Despite challenges to its EV business, Tesla trades for a valuation more than 90 times forward earnings.

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70

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formal

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English

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49

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short-lived

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7

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