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There’s not a stock in the market with a more pitched bull and bear divide than Tesla stock. Bulls cite a massive growth opportunity — and a company that can help improve life on Earth. Bears point to the company’s lack of profitability, a long list of broken promises and an arguably inflated valuation.
I’ve long leaned toward the bearish side of the argument (and taken bearish option positions in the stock, though I’m currently on the sidelines) for one simple reason: I don’t trust its management. That concern isn’t really based on the arguments over the infamous “funding secured” tweet and the still-lengthening list of broken promises.
Read The Full Article On:Finance