After a brutal year for investors in 2022, Tesla stock has soared more than 30% this month alone—and that’s in spite of major price cuts to the company’s vehicles in the U.S. and Europe.
Retail investors have piled into Elon Musk’s EV giant over the past six months, spending more on Tesla shares than they did in the previous five years combined, the Wall Street Journal reported Monday, citing data from Vanda Research. But Joseph Foudy, an economics professor at New York University’s Stern School of Business, is warning that Tesla faces “both short term and long term risks” that could ruin the party.
