Tesla: Revisiting My 13 Reasons To Be Cautious

Summary:

  • Tesla, Inc. is in a strange position of a $500 billion empire finding itself in the growing pain phase.
  • Tesla stock has fallen about 14% since my last review, but then, estimates have fallen almost the same.
  • The appointment of a new CEO for Twitter is the biggest news for Tesla in the last 3 months.
  • However, I retain my hold rating on Tesla stock while lowering my entry point to add to my position.

Tesla Service Center. Tesla designs and manufactures the Model S electric sedan IV

jetcityimage/iStock Editorial via Getty Images

I wrote an article on Tesla, Inc. (NASDAQ:TSLA) three months ago, rating the stock a hold due to a variety of business, stock fundamental, technical, and macro reasons. Since then, the stock has lost nearly 14% compared to the

TSLA Estimates

TSLA Estimates (Yahoo Finance)

Musk Tweet

Musk Tweet (Twitter.com)

TSLA Moving Avg

TSLA Moving Avg (Barchart.com)

TSLA RSI

TSLA RSI (Stockrsi.com)


Analyst’s Disclosure: I/we have a beneficial long position in the shares of TSLA, MSFT either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

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