What I Need to See From Tesla Before Buying More Shares

Tesla's stock has been experiencing a tumultuous ride, and many investors are left wondering what they need to see from the electric vehicle manufacturer before buying more shares. The company's recent earnings report did little to alleviate concerns, and its stock price continues to fall.

According to a recent article by The Globe and Mail, Tesla's shares have been under pressure due to concerns over the company's ability to meet its production targets. The article cites the company's decision to cut prices on its lower-end models as a major contributing factor to the decline in stock price.

The Need for a New Narrative

A Bloomberg article suggests that Tesla is at risk of having a 'throwaway year' if it fails to provide a new narrative to investors. The article notes that the company's focus on autonomous driving and renewable energy has failed to resonate with investors, and that Tesla needs to provide a new compelling story to drive its stock price higher.

Earnings and Odometers

A recent article by Barron's notes that Tesla's earnings report was lackluster, and that the company's decision to stop reporting odometer data has raised concerns over the accuracy of its sales figures. The article suggests that Tesla needs to provide more transparency in its reporting to regain investor trust.

Before buying more shares, investors need to see a clear path forward for Tesla. This includes a new narrative that drives investor enthusiasm, improved transparency in reporting, and a clear strategy for meeting production targets. Until then, Tesla's stock price is likely to remain under pressure.