Reported about 6 hours ago
Following a disappointing robotaxi event, Tesla shares plummeted over 9%, leading to a significant loss of more than $60 billion in market valuation. Analysts have raised concerns about a disconnect between Tesla's high stock price and its earnings growth, particularly after Musk's presentation fell short on specific rollout plans and regulatory approvals. With increasing competition and lackluster demand, experts warn that this selloff could signal more challenges ahead for Tesla, especially as the focus shifts back to the company's fundamental performance ahead of its upcoming earnings report.
Source: YAHOO