Reported about 1 month ago
Wall Street is reevaluating Tesla's position in the 'Magnificent Seven' tech stocks after a surprisingly strong earnings report that still leaves concerns about its high valuation and market performance. While Tesla's profits surged 17% in the third quarter, analysts express skepticism about its growth potential compared to competitors like Nvidia and Netflix. Netflix, experiencing significant stock growth and impressive free cash flow, is being viewed as a strong candidate to replace Tesla in this elite group of tech stocks.
Source: YAHOO