Associated Press
- Vanda Research sees a sell-off coming for Tesla stock later this month after a hot start to 2023.
- Retail investors have piled into the EV-maker's stock, but Elon Musk's recent announcements fell flat.
- "The current environment is more favorable for a sell-off, given the sizable investment flows in comparison to historical levels."
Tesla stock has had a red-hot start to 2023 thanks to enormous retail investor interest, but Elon Musk's announcements this week could end up sparking a sell-off rather than more enthusiasm, according to Vanda Research.