Shares of Tesla (NASDAQ: TSLA) were heading lower on reports that the Trump administration planned to eliminate the $7,500 electric vehicle (EV) tax credit. Tesla also issued its sixth recall this year for the Cybertruck,

Tesla's recent stock surge is attributed to potential benefits from Trump's policies. Read why I maintain my sell rating on TSLA.

Of the 52 analysts covering TSLA stock surveyed by S&P Global Market Intelligence, 12 rate it at Strong Buy, six say Buy and 19 have it at Hold. Furthermore, four call TSLA a Sell and seven say it's a Strong Sell.

Tesla should take advantage of its stock’s post-election surge to raise capital by selling shares, a Jefferies analyst says.

The company’s CEO has been appointed to a new government role by President-elect Donald Trump, but there are more factors at play for the EV maker.

Tesla finally hit a speed bump after a blistering post-election rally. The post Why Tesla stock just pulled back appeared first on The Motley Fool Australia.