Reported about 13 hours ago
Following a disappointing robotaxi event, Tesla's stock experienced a significant sell-off, erasing over $60 billion from its valuation. Analysts highlighted a growing disconnect between the company's inflated stock price and its actual earnings growth, raising concerns about fundamental weaknesses in Tesla's business and the challenge of achieving profitability in proposed ventures like robotaxis. As the market reassesses Tesla's value, the company faces pressure from declining demand and competition, with investors eagerly awaiting its upcoming quarterly earnings report on October 23.
Source: YAHOO