Tesla stock is down over 30% after our all time highs! Should you buy TSLA stock now? If you have any comments or questions with my TSLA stock analysis and chart analysis, drop me a comment down below!

Key Points:
-Tesla stock is seeing some bearish sentiment, many analysts see the stock as overvalued. The increased correlation of Bitcoin with Tesla because of Elon Musk is likely explaining our short term volatility because of crypto's recent volatility. There are concerns with rising interest rates and inflation, as well as a lawsuit from Norway about Tesla's charging capabilities. Even though the lawsuit in Norway has limited exposure to really effecting Tesla, if more pop up opening up Tesla to reimburse more customers, then that could definitely effect the business and is something investors should watch carefully.

-Tesla stock is showing some good growth year over year, more than 70%. Our gross profit margins look quite good, and we do see net income growing as well. There are concerns about Tesla mostly being profitable by selling their environmental credits, however. That being said, the EV market in general is still likely to grow in the future, but there is new competition coming from traditional automakers that investors need to consider as well.

-Investing in Tesla is a bit risky at the moment. There is a lot of momentum in the company at the moment and volatility due to it's now higher correlation with cryptocurrencies. As always, you have to consider the upside and downside risks before investing in the stock.

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Link (1) TSLA stock battery charging lawsuit in Norway (Fox Business):
https://www.foxbusiness.com/lifestyle...

Link (2) TSLA stock impacted by growing EV market (Globenewswire):
https://www.globenewswire.com/news-re...

Link (3) TSLA stock benefited by Solar City:
https://www.tesla.com/blog/tesla-and-...

Link (4) TSLA stock most recent earnings report:
https://tesla-cdn.thron.com/static/R3...

Link (5) Real time trading chart of TSLA stock: https://thestockstudents.com/tradingv...

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Disclosure:
I do have a position in TSLA, less than 1% of my portfolio, at time of recording
thestockstudents.com/disclaimer

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