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Tesla's bull case stands on shaky ground as the stock trades near a 5-month low (TSLA)

Tesla's bull case stands on shaky ground as the stock trades near a 5-month low (TSLA)




It's getting increasingly harder to be a Tesla bull.




Bulls have long cited the arrival of the lower-priced Model 3 and CEO Elon Musk's vision as reasons to invest in the electric-car maker.




Each of those parts of the bull thesis has come under pressure in recent weeks.




Watch Tesla trade live.




The bull case for Tesla faces no shortage of obstacles.
Shares of the electric-car maker fell as much as 5.2% Tuesday, to their lowest level since October, after the Chinese news agency Caixin reported that China — a market considered a key growth opportunity for Tesla — was halting Model 3 sales due to "various irregularities" in 1,600 Model 3 sedans. China's customs authorities later accepted a plan from Tesla to remedy the imported cars' clearance issues, Reuters reported.
Meanwhile, CEO Elon Musk has until March 11 to tell the Securities and Exchange Commission why he shouldn't be held in contempt of court over tweets he posted last month that the federal agency says violated the terms of its settlement with the executive.
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