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The Tesla, Inc. Robotaxi catalyst doesn't look sufficient to me. In my opinion, the market is significantly overestimating the prospects for a recovery of Tesla's business, at least in the near term. Despite showcasing new technologies like Robotaxi and Optimus robot, the event failed to provide concrete growth catalysts, leading to continued stock underperformance. Tesla's valuation remains extremely high, with PEG ratios above 1x even in 2027, suggesting the stock is significantly overvalued.
The Zacks Consensus Estimate for TSLA's third-quarter earnings and revenues is pegged at 58 cents per share and $25.57 billion, respectively.
Tesla Inc (NASDAQ:TSLA) CEO Elon Musk has tapped his close confidant Omean Afshar to oversee the electric vehicle maker's operations in North America and Europe, according to media reports. Afshar joined Tesla in 2017 and currently serves as vice president in charge of sales and manufacturing, sources said.
Omead Afshar, who used to work in the office of the CEO, has moved into a vice president role with sales and manufacturing operations under him.
Amid slumping share prices and electric-vehicle demand, Tesla Inc. Chief Executive Elon Musk has reportedly shaken things up at the company's business in North America and Europe.
Tesla (TSLA) is set to kick off the "Magnificent Seven" earnings reports next week for the third quarter. But how can investors gain exposure to these megacap tech names without buying individual stocks?
The significant divergence in stock performance between Uber and Tesla following Tesla's 'We, Robot' event highlights investor sentiment regarding the progress and viability of autonomous driving technology. Uber's shares surged almost 11%, indicating growing investor confidence in the company's current business model amidst the slower-than-expected progress in autonomous driving. Uber can continue to capitalize on its existing, booming operations without the pressing need to pivot or compete directly with self-driving technology.
Tesla (NASDAQ: TSLA) aims to end the year on a high note, riding on solid fundamentals driven by the company's new product launches. This is despite being impacted by a slowdown in demand for electric vehicles (EVs) earlier in the year.
Tesla Stock Investors Will Likely Be More Demanding on Oct. 23 After the Detail-Light Robotaxi Event
The electric vehicle (EV) pioneer's stock is at risk of taking another big hit if Musk and his team don't overdeliver on Q3 results -- or at least earnings call data.