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James Surowiecki draws attention to Tesla's performance over the past 5 years, noting its stock is up 63%. In that same period, the S&P 500 has also risen 63%, but its total return including dividends is 71%.
Surowiecki points out that Tesla has underperformed the broader market when dividends are factored in, while also subjecting investors to considerably higher volatility. He questions the unwavering faith of Tesla stockholders given these results.
Surowiecki has previously raised questions about a $1 increase in U.S. gas prices despite the country's limited exposure to regional disruptions. He has also inquired about the U.S. Treasury's ability to block financial transactions involving Iran. His recent remarks add to a pattern of scrutiny on market and policy developments.