"Tesla faces challenges with its stock amidst increasing competition in the robotaxi market. Rivals like Lucid Group are crowding the self-driving space, complicating Tesla's future prospects."
"While Tesla has potential with robotaxis, it may struggle to maintain its $1 trillion valuation due to rising competition and choppy market performance."
Tesla's stock has faced challenges in recent years with a meager 8% gain compared to other companies. The rise of competitors in the robotaxi market, like Lucid Group, creates uncertainty for Tesla's future. The company must navigate a crowded self-driving landscape while hoping to preserve its $1 trillion valuation. In contrast, Broadcom's stock has seen substantial growth of 217% over two years, positioning it as a stronger candidate within the Magnificent Seven, overshadowing Tesla’s recent performance.
Read at 24/7 Wall St.
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