Down 31% this year, can Tesla stock bounce back?

Tesla stock has fallen 31% this year, prompting questions about its recovery potential despite its strong long-term performance. The article suggests that increased competition from Chinese rivals and declining subsidies are squeezing Tesla's profit margins and free cash flow, making it an overpriced investment despite its past success. The author concludes that Tesla's current valuation of 287 times earnings does not reflect these challenges, advising against adding it to a portfolio.