Reported 1 day ago
The public feud between Elon Musk and Donald Trump may have subsided, but concerns regarding Tesla's stock are intensifying as investors prepare for the upcoming robotaxi launch and an expected weak quarterly report. Despite a 12% rise in Tesla's stock since October 2022, significant drops in expected earnings per share highlight a disconnect between valuation and the company's fundamentals. The potential removal of EV tax credits, which comprise a large portion of Tesla's profits, could further impact financial estimates, leading analysts to predict a correction in the stock's value.
Source: YAHOO