Reported 2 months ago
Tesla's recent performance shows stagnation in its automotive sector and shrinking margins, prompting consideration for investors to sell. Competition is intensifying, especially from low-cost rivals like BYD, impacting Tesla's growth potential. Despite these challenges and a high valuation of over 90 times forward earnings, there's a belief that CEO Elon Musk may pivot the company towards new opportunities in AI and autonomous driving, which could make investing now attractive for some.
Source: YAHOO