Sjo
I last wrote about Tesla, Inc. (NASDAQ:TSLA) back in April 2024. At that time, I was very bullish as the stock was trading for just about $140 per share. Since then, the shares have more than doubled in value, and because of
Tesla: Trump/Musk Feud And Robotaxi/FSD Risks Suggest More Downside Ahead
Summary
- Tesla, Inc.'s risk/reward is now unfavorable after doubling in price; I recommend taking profits and waiting for a better entry point.
- The Trump/Musk feud creates major headline risks, threatening government contracts, subsidies, and regulatory approvals for Tesla.
- Tesla faces competitive and regulatory risks with its robotaxi launch; Waymo is ahead in autonomous driving technology and safety.
- Brand damage, macroeconomic risks, and valuation concerns further support my decision to sell TSLA stock now and revisit after a significant pullback.
Long-time stock market investor focused on strategic buying opportunities with dividend and value stocks. This investment strategy has resulted in a near 5 star rating on Tipranks.com and over 9,000 followers on Seeking Alpha. Follow me on Twitter for my latest trading ideas: @Hawkinvest1
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