Tesla received $0.4 billion of federal loans and bailout support via the Advanced Technology Vehicles Manufacturing (ATVM) Loan Program. However, that amount was repaid in full with interest, almost a decade early.Should I buy Tesla stock now?
Well, the straightforward answer is, no, you should not buy Tesla stock now. On 22nd February, Tesla broke down through its key 10-week moving average, a critical support level. Shares also collapsed below its 50-day line.