Tesla blocked shareholders who own less than 3% of its shares from suing its directors or officers on behalf of the electric vehicle maker for breach of duties, according to a filing with the U.S. Securities and Exchange Commission on Friday.

All hope isn't lost, though. There's another option out there. Meet the supercharged auto stock that's a better buy than Tesla: Ferrari ( RACE -0.50%). There's no denying that ongoing trade wars add a lot of uncertainty for automakers. However, Ferrari continues to drive in the fast lane. Its latest financial results prove this.

Tesla stock has soared this week on easing U.S.-China tensions. Some market watchers say the stock is ripe for a pullback.