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Tesla was forced into a big decision by rising competition.
Elon Musk and Tesla's (TSLA -2.21%) management have made a decision between growth and profits. In this video, Fool.com contributor and Finance Professor Parkev Tatevosian reacts to Tesla's huge move.
*Stock prices used were the afternoon prices of April 26, 2023. The video was published on April 28, 2023.
Parkev Tatevosian, CFA has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Tesla. The Motley Fool has a disclosure policy.
Parkev Tatevosian is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through fool.com/parkev, he will earn some extra money that supports his channel. His opinions remain his own and are unaffected by The Motley Fool.
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*Average returns of all recommendations since inception. Cost basis and return based on previous market day close.
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