The automaker Tesla is one of the most beloved companies on the planet. Car enthusiasts sing the praises of its innovative, sexy electric cars. Its executives are geniuses, especially co-founder Elon Musk, say business analysts. For much of its history, Tesla's stock has been a favorite on Wall Street and Main Street.
According to Tesla, its future looks just dandy. But several skunks have showed up at the garden party. Tesla's sales tanked in 2019 as the company burned piles of cash to stay afloat. Suddenly the company decided to shut most of its showrooms and service centers, slash its marketing budget, and cut its workforce by 7%-hardly the actions of a healthy, growing company.
One stock-market expert has even accused Tesla of outright accounting fraud to make its finances look better than they really are.
His recommendation: Sell Tesla. Read this book to find out why.