8 minutes | Apr 28, 2021

Tesla Earnings Red Flag: Why the Hyped EV Stock Isn’t a Buy

I am no bull when it comes to Tesla Inc. (Nasdaq: TSLA).

I don’t think Tesla is a bad company. I just struggle with its valuation and its financials.

If you just look at the topline numbers, Tesla looks pretty impressive.

The company’s stock has been on a tear since last year.

That, however, may be coming to an end.

Its recent quarterly earnings statement revealed one reason why.

Yes, it beat earnings-per-share expectations by about $0.13 per share.

Yes, total revenue grew 74% year over year in the first quarter.

But there is more to it than that.

In this episode of The Bull & The Bear, I tell you why Tesla Inc. (Nasdaq: TSLA) is still not a buy.

And, I’ll tell you what in its quarterly report led me to that conclusion.

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