Tesla's stock has seen a significant drop of nearly 50% in three months, raising questions about the company's valuation despite maintaining a $845 billion market cap. The decline can be attributed to falling sales, profit concerns, and controversies surrounding CEO Elon Musk. Investors focus heavily on Musk's narrative of Tesla as an AI innovator rather than just a car manufacturer, banking on future innovations like robotaxis. Currently, Tesla's vehicle sales account for most revenue but contribute minimally to its high stock market value, illustrating a disconnect between financial metrics and market perception.
Despite a nearly 50% drop in Tesla's stock over three months, the company is still seen as overvalued, driven by optimism for AI and autonomy.
While Tesla is heavily reliant on its electric vehicle sales for revenue, a significant portion of its market value is derived from future AI potential and robotics.
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