Why Tesla Stock is Up 18% Since Weak Q1: Should You Book Profits?

Electric vehicle (EV) biggie Tesla (TSLA) had a rough start this year. It saw its sales slipping across all key regions, including the United States, China and Europe. Rising competition and generous discounts hit demand and margins. CEO Elon Musk’s political distractions didn’t go down well with investors. He faced significant backlash from Democrats, including boycotts and vandalism. Tesla’s brand shine is no longer the same as it was earlier. Amid these challenges, the stock has declined 30% year to date ...