Major Tesla stock bull sounds alarm on major problem facing Elon Musk
One analyst raises red flags as a threat looms over the automotive industry.
Tesla (TSLA) stock closed in the red on March 28, ending a volatile week. The early momentum following Elon Musk’s all-hands meeting the prior week sparked enthusiasm among retail traders that ultimately proved unsustainable.
Now, the former electric vehicle (EV) leader is facing an uncertain future as sales decline in the U.S. and Europe. Despite the bump that TSLA stock received earlier in March when U.S. President Donald Trump purchased an EV from Musk, it is clear that unfavorable market conditions are weighing heavily on Tesla's stock price.
