Reported about 14 hours ago
Tesla Inc. is witnessing a significant stock price rally, despite an anticipated 25% drop in profits and declining electric vehicle sales, due to investor optimism surrounding Elon Musk's AI-focused future vision. Current market valuations for Tesla are extremely high compared to its earnings and are rooted in hopes for future innovation rather than present performance. Analysts expect a further slowdown in deliveries, raising concerns about sustaining this lofty market valuation based on its current operations as a car manufacturer.
Source: YAHOO