It's been a tough couple of months for Tesla and the innovative automaker's share and bond prices are starting to show the strain. Tesla shares have slumped nearly 40% since the beginning of the year as the company has struggled to ramp up production and sales of its mass-market Model 3. Pro-Tesla investors are a very vocal crew and they remain firm believers in the company's long-term vision. But others – especially the big institutions that buy Tesla's bonds – are starting to cast a suspicious eye over the company's financials and to squint nervously at the future. In the end, Tesla remains a gamble. If the company succeeds in becoming the world's premier electric car manufacturer and if the electric car market maintains its rapid pace of growth, shareholders will be smiling. If, on the other hand, Tesla loses out to the other automakers who are moving into the e-vehicle space or electric cars don't grow as anticipated, things look decidedly bleak. – Felicity Duncan

Tesla stock hits lowest level since 2016 as car maker's outlook debated

By Patrick Thomas, Sam Goldfarb and Tim Higgins

(The Wall Street Journal) Tesla Inc. shares touched their lowest level in more than two years as prices on its bonds also slumped, a sign of investors' growing doubts about the car maker's outlook.

___STEADY_PAYWALL___