Despite the recent wave of Tesla Inc price records, investors have many reasons to be wary of the stock. That’s according to a host of analysts ranging from Morgan Stanley to Robert Monero of The Street. Beyond that, a new challenger wants to overthrow TSLA. He will come from an auto industry legend and former company employee. According to Henrik Fisker, Tesla Inc is the only electric vehicle maker to beat right now. His incoming car promises to do just that.

Consider these reasons to be wary of TSLA.

The autonomous electric vehicle space is new, attractive and volatile

Morgan Stanley has a bullish stance on Tesla Inc, but that doesn’t mean they ignore worst-case scenarios, either. On Monday, the company increased its bearish analysis on the world’s leading manufacturer of electric vehicles. Counting the negatives, the analyst firm cites an autonomous transport industry that is still finding its feet. Morgan Stanley also can’t ignore the setbacks that result from Tesla Inc.’s vehicle maintenance. And finally, with the arrival of popular giants like Apple and Google, electric vehicles are no longer a rarity.

All of this threatens the ideas of novelty and futurism that propel TSLA’s stock. Morgan Stanley used these looming issues to elevate his bearish view of the company. The problems haven’t stopped the company from pushing its Tesla Inc “bear case” from $ 50 to $ 175, however, unable to ignore current market favor.

Looking on the bright side, Morgan Stanley is keeping a bullish view on Tesla at $ 511. Once again, Tesla Inc is rising in value this year, with much of Wall Street predicting values ​​well above $ 400 before year end. The current year alone sees TSLA climb 70 percent. This performance crushes the S&P 500, which has only 8.4% to post for 2017.

Elon Musk insists his automaker’s shares are overvalued, but that hasn’t stopped stocks from repeatedly breaking all-time highs. In recent months, Tesla Inc has surpassed $ 300 per share. That number is only increasing and soared to over $ 20 last week alone.

Tesla Inc (TSLA) to get EMotion-al challenger

The architectural brains behind the Aston Martin DB9, as well as the BMW Z8, just introduced its latest rival Tesla. Henrik Fisker captured the attention of the automotive market this weekend when he unveiled the Fisker EMotion. While the concept car promises to outperform Tesla Inc motor vehicles, it is clearly still a long way off. Still, the EMotion will cover over 400 miles on a single charge, turn on in nine minutes, and provide autonomous driving.

Of course, there are plenty of Tesla’s budding competitors entering the market right now. Reliable, long-range electric vehicles are the inevitable future of the automotive industry. Henrik Fisker says his latest reveal will be much more distinct, however. The most alluring and unique aspect of its Fisker EMotion will be its carrying capacity in less than ten minutes. Dropping lithium-ion for graphene supercapacitors will make this possible, says Fisker.

Build the appeal of his incoming car, warm affirmations have come from Henrik Fisker in the past. “Very proud of what we create,” he tweeted last October. New battery technology adds to the promise of a long-range electric sedan with connected and autonomous capabilities. The EMotion will make the most graphene technology. The new battery technology is currently in the works at UCLA, but a patent application has yet to be filed.

The public is assured that the new electric sedan will be similarly priced to the flagship model from Tesla Inc. The EMotion will be built by VLF Automotive, a long-time Detroit-based auto company. Fisker joined the company in January. VLF will also be producing the Force 1, a set of supercars that will arrive in the near future.

Tesla Inc (TSLA) haunted by past overbought

One interesting thing to note is that Fisker is also part of Tesla Inc. history. He was there when the Model S was in the early stages of its design. He left shortly after and devoted time to producing a luxurious hybrid sedan. It was called the Fisker Karma and was in the $ 100,000 price range. However, it was not very successful and Fisker Automotive filed for bankruptcy shortly thereafter.

This next vehicle will be a direct hit against Tesla, the automotive genius admitted. The electric vehicle market has only one formidable player, he told Business Insider, “and that’s Tesla.”

Tesla is extremely overbought, according to The street, and investors are sure to notice it too. CEO Elon Musk has previously shared his feelings on this matter, but his concerns have so far been on deaf ears. It won’t last long, says The Street, who has reason to suspect “buyers are depleted and stock is going down.”

The electric car giant is a speculative short, the outlet wrote this week. This is due to its “current levels using a first buy stop to hedge above the Friday high”. TSLA ignores fundamentals, says Robert Monero. This means that Tesla Inc will always need close and careful monitoring.