Consumer Pressures Point to Tesla (NASDAQ:TSLA) Dragging Down the Stretch

Few entities dominate their core market quite like electric vehicle (EV) manufacturer Tesla (NASDAQ:TSLA). Even with startups competing aggressively in the space, the concept of EVs remains practically synonymous with Tesla. That said, consumer pressures point to the company dragging down the stretch. Therefore, in the near term, I am tactically bearish on TSLA stock.

TSLA Stock Must Move Beyond the Low-Hanging Fruit

While being first doesn’t always guarantee success, it can certainly yield significant rewards. A case in point is TSLA stock. On an adjusted basis, shares were trading at a little over a buck in 2010. Undeniably, then, those who invested heavily in Tesla during its early years saw life-changing returns. However, at some point, the company must have a strategy that moves beyond the low-hanging fruit.