Reported about 7 hours ago
Elon Musk is attempting to redirect Tesla's focus from electric vehicles to humanoid robots, envisioning that 80% of the company's future value may come from its robot initiative, Optimus. However, investors remain skeptical as Tesla's sales stagnate and its stock price remains exorbitantly high, trading at approximately 155 times projected earnings. With a significant drop in earnings expected and tough competition in the robotaxi market, Musk's shift towards robots as a growth story is seen as an essential pivot amidst declining sales and uncertainty about the company's future direction.
Source: YAHOO