Tesla (NASDAQ: TSLA) stock has declined over 5% this year. Fourth-quarter results showed a decrease in revenue and deliveries by 16% to 495,570. Tesla plans to increase spending, with Capex expected to exceed $20 billion. CEO Elon Musk announced the discontinuation of high-end models in favor of more affordable ones and new projects like the CyberCab. Despite competition in the EV space, Tesla’s valuation remains high, trading at a forward P/E of almost 205. With uncertainties surrounding new ventures, Tesla may not be a good investment at this time.

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Read more at Nasdaq: Should You Buy the Dip on Tesla?