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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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.