From a long-term investment perspective, Tesla has a lot of potential.

This company isn’t just a play on the EV growth story. Instead, it’s a play on EVs, self-driving technology, artificial intelligence, batteries and renewable energy, robotics, and more.

Tesla has grown its sales by around 150% over the last three years, is expected to keep growing at a rapid pace in the years ahead. For 2022 and 2023, Wall Street analysts expect it to generate revenue of $83.5bn and $116.6bn respectively. These figures represent growth of about 55% and 40%.

In the short term however, I see a number of factors that could potentially send Tesla’s share price lower. One major issue right now is Musk’s purchase of Twitter. This could be a real distraction for the visionary CEO. Will he have enough time to run both Tesla and Twitter?

Logistical issues are another issue of concern. Right now, Tesla is struggling to deliver its EVs. As a result, it’s looking unlikely the group will be able to achieve its 50% year-on-year delivery growth target for 2022.

Finally, it’s worth talking about Bitcoin briefly. Tesla stock and Bitcoin have a strong positive correlation. It seems a lot of investors own both assets. If Bitcoin continues to struggle, it may have an impact on Tesla’s share price.

With these issues, I suspect there could be further downside in the near term. Hence, I will not buy the dip of Tesla. Nevertheless, I think there’s a decent chance there will be better buying opportunities for me in the months ahead. My target price for rebound is $135.