Reported about 7 hours ago
Tesla's recent robotaxi event left investors disappointed, leading to concerns about the company's stock potential. CFRA analyst Garrett Nelson highlights that Tesla is trading at high multiples compared to future earnings estimates, suggesting the stock's growth may be facing challenges. He points to CEO Elon Musk's history of unmet timelines and warns that expectations may be inflated, especially as the electric vehicle market slows. Other automakers like General Motors and Uber may benefit as Tesla's clarity on its product pipeline remains uncertain.
Source: YAHOO