Electric vehicle manufacturer Tesla (NASDAQ:TSLA) might be the least loved Magnificent Seven member. Oddly enough, Tesla is either a pioneer or a pariah, depending on whom you ask about it.
The best way to sum up Tesla’s current situation is: “It’s complicated.” Therefore, if you intend to buy Tesla stock, only purchase a few shares and have an exit plan ready if the trade goes against you.
There are several issues that complicate the Tesla bull case. These issues include Tesla’s layoffs, an executive exodus and CEO Elon Musk’s potential clash with U.S. regulators. All in all, the near-term outlook for Tesla is hazy and investors should choose caution over complacency.
Is Musk Really Committed to Affordable EVs?
Earlier this year, Tesla disappointed some EV enthusiasts when it reportedly shelved its plans to produce a highly affordable entry-level vehicle. This proposed EV, informally known as the…
