Why Tesla Stock Is Stuck in Reverse

Why Tesla Stock Is Stuck in Reverse

My fellow Fool and Tesla-watcher Daniel Sparks told you the first half of the story on Wednesday: A new report out of Morgan Stanley says that Ford's (NYSE: F) new Mustang-E is cutting into Tesla's electric vehicle market share in the U.S. -- it dropped by 12 percentage points in February. CNBC reported that Fiat Chrysler -- now part of Stellantis (NYSE: STLA) -- spent $362 million last year buying regulatory credits to offset the emissions of the cars it sells. Most of this money went to Tesla, which has credits aplenty to sell because the cars it manufactures don't emit carbon at all.