Elon Musk has 'no transparency,' and Tesla is uninvestable, market watcher Mark Tepper says
Tesla CEO Elon Musk's ongoing battle with the Securities and Exchange Commission has far-reaching implications that are making the stock practically uninvestable, Tesla bear Mark Tepper said Tuesday on
. "This isn't the Wild West. You can't run your business like a cowboy, especially when it's publicly traded and even more so when the SEC has you in its crosshairs," Tepper said on "Trading Nation.
. "It's basically now nothing more than a sedan company, and a sedan is actually one of the least popular car models out there right now," he continued."So I think they've made a tremendous amount of strategic mistakes, I think the consumers are kind of turned off at this point by the product and I think I find it very, very hard not to see the stock go further down in the next couple of months.
has reached out to Tesla for comment. Disclosure: Tepper's firm has a position in O'Reilly Automotive.
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