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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