Tesla stock currently trades at $751.94 per share (as of April 17, 2020). The company’s stock prices have soared lately with the on-time delivery of the highly-anticipated Model Y, while there’s still the Tesla Roadster and Cybertruck to look forward to. In fact, many financial experts believe Tesla is now the most valuable auto manufacturer in the world, even above giants like Toyota and Volkswagen. Without meaning to rain too much on Tesla’s parade though, we must point out some worrying issues that should leave investors wary.
Take the Cybertruck, for example. Yes, more than 600,000 people signed up to pre-order it, but the reservation only required a minuscule $100 deposit. More worryingly, the Cybertruck was revealed before the company’s last major reveal, the Roadster, has reached production. Then, there is the issue over the company’s self-driving claims. By the way, Tesla says that all of these things would come to market this year.