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Tesla stock is on fire in 2023, but the business tells us a different story.
Tesla's (TSLA 3.06%) stock is up 135% in 2023, but the company's performance doesn't match the stock. Margins are down, FSD continues to be a year away, and billions are being bet on products that will take years to be proven out.
In this video, Travis Hoium covers the reasons not to buy Tesla's stock.
*Stock prices used were end-of-day prices of Dec. 15, 2023. The video was published on Dec. 17, 2023.
Travis Hoium has positions in General Motors. The Motley Fool has positions in and recommends Tesla. The Motley Fool recommends General Motors and recommends the following options: long January 2025 $25 calls on General Motors. The Motley Fool has a disclosure policy. Travis Hoium is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through their link they will earn some extra money that supports their channel. Their opinions remain their own and are unaffected by The Motley Fool.
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