Reported 12 days ago
Analyst Stephen Weiss has expressed skepticism about Tesla's valuation, claiming it makes 'zero sense' given the company's atrophying fundamentals and increasing competition in the EV market. Despite Tesla's recent performance and strategic moves, such as introducing new models and entering the robotaxi space, Weiss questioned the viability of its market position, pointing to declining sales and an erosion of pricing power amidst growing competition from brands like BYD.
Source: YAHOO