(NASDAQ: TSLA) has worked out to be a truly fantastic investment. In the last decade, shares have skyrocketed 1,700%. That gain trounces the total return of the Nasdaq Composite.

Most people would agree that Tesla has accomplished some great things on its path to becoming one of the most valuable businesses on the face of the planet. However, you shouldn't buy this top electric vehicle (EV) stock, even as it sits 36% off its peak price (as of July 9). Here's why.

Tesla went from only selling the high-performance Roadster model to now offering five key models (S, X, 3, Y, and Cybertruck). And there is a new lower-cost model planned for production in 2025 that investors hope can help the company gain market share. According to Cox Automotive, Tesla has a 51% share of the U.S. market for EV unit sales. And according to Counterpoint Research, Tesla has a 20% share of the global market.

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Source Fool.com