Reported about 19 hours ago
At Tesla's recent Robotaxi event, CEO Elon Musk introduced the humanoid robot 'Optimus,' which raised discussion about the company's future. Despite the unveiling being characterized as exciting and futuristic by experts, Alonso Munoz of Hamilton Capital Partners believes the stock's decline is an overreaction. He emphasizes the need for analysts to wait for the earnings call to grasp Musk's long-term strategy, while pointing out that shifting from affordable vehicles to autonomous innovations may be causing investor concerns amid high interest rates and lower consumer confidence.
Source: YAHOO