Reported 1 day ago
Analyst Aswath Damodaran highlights that Tesla's (TSLA) valuation is excessively high as the company struggles with increased competition, particularly from Chinese automakers, resulting in a decline in market share globally. Despite Tesla's sales challenges, including a significant drop in sales in California and Germany, there are calls for investors not to abandon the stock completely. The article emphasizes the challenges ahead for Tesla, particularly in maintaining its position in a rapidly evolving electric vehicle market.
Source: YAHOO