2 Reasons Why Tesla Is a Risky Buy Right Now
One of 2020's hottest stocks is Tesla (NASDAQ: TSLA), which is up a mind-blowing 800% year to date. Investors are clearly upbeat about Tesla's rising electric vehicle (EV) deliveries and its inclusion in the S&P 500 for the first time.
But I'm not here to cheer for the stock. Instead, I'm going to be the bad guy by highlighting two obvious risks Tesla bulls have either neglected -- or chosen to ignore.
The end of gasoline-fueled cars as a major industry draws closer every year. Battery technology is improving, making EVs cheaper than ever. Concerns over global warming, meanwhile, have led to government support for electric cars -- at the expense of fossil fuel vehicles.
Source Fool.com
