5 Challenges to Tesla’s Growth
- Date: 01-Aug-2021
- Source: Nasdaq
- Sector:Economy
- Country:Middle East
5 Challenges to Tesla’s Growth
Tesla (TSLA) released Q2 earnings and revenues last week that beat analysts' expectations. The EV pioneer reported a record $1.1 billion in net income on $12 billion revenues.
Still, Wall Street wasn't that impressed, with the company's shares rising slightly following the release of the report. (See Tesla stock charts on TipRanks)
Apparently, investors are concerned with several factors that may slow Tesla's feverish share price growth soon, such as a high valuation, competition from "colonizers," a large China and bitcoin exposure, as well as rising material costs.
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