Tesla is closing out 2019 with a bang

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Tesla is closing out 2019 with a bang
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Fans of the electric car company and CEO Elon Musk think Tesla will reinvent the mass market auto industry thanks to the Model 3 sedan and upcoming Model Y crossover. But Musk's detractors think Tesla is an overvalued company that has yet to prove it can be consistently profitable and still faces challenges from global auto giants like GM , Volkswagen and Nissan .The Tesla bulls have the upper hand for now.

Elon Musk sued over 'pedo' tweet 02:53Musk has also been in hot water with regulators, most notably the Securities and Exchange Commission, after tweeting in August 2018 that he had"funding secured" to take Tesla private at $420 a share. That led to a short-term pop in the stock price. No such deal materialized.

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