Reported about 6 hours ago
The ongoing conflict between Elon Musk and Donald Trump has negatively impacted Tesla's stock, which has dropped 15% recently as investors worry about potential repercussions. Analysts point out a significant disconnect between the stock's high valuation and declining earnings estimates, with predictions for EPS in the next few years plummeting by as much as 77%. Additionally, potential changes to EV tax credits by Trump could further harm Tesla's profitability, which relies heavily on these subsidies.
Source: YAHOO