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home / news releases / XLY - Tesla May Have Significant Trouble During A Recession

XLY - Tesla May Have Significant Trouble During A Recession

SPDR Select Sector Fund - Consumer Discretionary
  • Tesla has never been through a recession equivalent to 2008 as a market leader, the company has grown through a bull market.
  • The company is potentially entering a new recession with new factories draining billions and increasing competition.
  • Owning a car company is expensive, and Tesla is investing in many new businesses draining money.
  • We're not sure if Tesla will be able to financially survive the next major recession.

For further details see:

Tesla May Have Significant Trouble During A Recession
Stock Information
Company Name: SPDR Select Sector Fund - Consumer Discretionary
Stock Symbol: XLY
Market: NYSE
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