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.
Be sure to also subscribe to our YouTube channel for more videos like my weekly Marijuana Market Update.
Have something you want us to talk about? Email firstname.lastname@example.org and give us your thoughts.
Check out moneyandmarkets.com, and sign up for our free newsletters that deliver you the most important and unbiased financial news, commentary, and actionable advice.
Also, follow us on: