I’m no bull when it comes to Tesla Inc. (Nasdaq: TSLA).

I don’t think the EV automaker is a bad company. I just struggle with its valuation and its financials.

If you just look at the topline numbers, Tesla looks pretty impressive.

The company’s stock has been on a tear since last year.

That, however, may be coming to an end.

Its recent quarterly earnings statement revealed one reason why.

Tesla Earnings Tell A Different Story

I’m sure it’s not the popular opinion to suggest Tesla is not a stock to buy right now.

I get it.

It’s a big-name company that’s been in the news a lot. And retail investors continue to pile into it.

Tesla’s first-quarter sales figures are nothing to scoff at. Looking deeper at those numbers tells a different story than one Tesla bull’s spin.

Tesla Total Annual Revenue Jumps 168% Since 2017

From this chart, you can see that Tesla’s total revenue went from $11.8 billion in 2017 to a whopping $31.5 billion in 2020.

That’s a 168% increase in total revenue in just four years.

Yes, it beat earnings-per-share expectations by about $0.13 per share.

Yes, total revenue grew 74% year over year in the first quarter.

But there is more to it than that.

In this episode of The Bull & The Bear, I tell you why TSLA is still not a buy.

And it all comes back to some facts I gleaned from the latest Tesla earnings call.

The Bull & The Bear

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Safe trading,


Matt Clark
Research Analyst, Money & Markets

Matt Clark is the research analyst for Money & Markets. He’s the host of our podcast, The Bull & The Bear, as well as the Marijuana Market Update. Before joining the team, he spent 25 years as an investigative journalist and editor — covering everything from politics to business.