Problems Continue to Mount for Tesla. Here's What Investors Should Know
Don't look now, but when it rains, it pours. That's surely how Tesla (NASDAQ: TSLA) investors feel recently as problems continue to mount for the young automaker. Not only is the automaker dealing with tariffs that affect costs of imported vehicle parts, it's dealing with declining sales overseas and pushback from CEO Elon Musk's political career. If that's not enough, here's some information on how Tesla could be becoming more untrustworthy, and how its Cybertruck was outdone by a rival.It sounds strange to say it out loud. But two things can be true at once: Tesla arguably has done more to advance electric vehicles than any company in our lifetime, and the company also continually overpromises and underdelivers. But there's one recent incident where investors might find the company untrustworthy -- and that's bad news.Last November, Tesla ended a unique policy that prohibited U.S. leasing customers from buying their cars outright at lease-end. Originally, the strategy was that Tesla wasn't enabling customers to buy their vehicles at lease-end because Tesla wanted them for robotaxi ambitions, which have yet to materialize. Continue reading
Don't look now, but when it rains, it pours. That's surely how Tesla (NASDAQ: TSLA) investors feel recently as problems continue to mount for the young automaker. Not only is the automaker dealing with tariffs that affect costs of imported vehicle parts, it's dealing with declining sales overseas and pushback from CEO Elon Musk's political career. If that's not enough, here's some information on how Tesla could be becoming more untrustworthy, and how its Cybertruck was outdone by a rival.
It sounds strange to say it out loud. But two things can be true at once: Tesla arguably has done more to advance electric vehicles than any company in our lifetime, and the company also continually overpromises and underdelivers. But there's one recent incident where investors might find the company untrustworthy -- and that's bad news.
Last November, Tesla ended a unique policy that prohibited U.S. leasing customers from buying their cars outright at lease-end. Originally, the strategy was that Tesla wasn't enabling customers to buy their vehicles at lease-end because Tesla wanted them for robotaxi ambitions, which have yet to materialize.
