Tesla’s stock value has plummeted over 20% this year due to slowing electric vehicle sales and doubts surrounding Elon Musk’s ambitious robotaxi plans. Despite years of hype, top investor Stone Fox Capital claims the rollout is nowhere near the fully autonomous future Musk promises.
The investor points to several red flags, including a limited number of supervised taxis, declining global market share, and an overly optimistic valuation that relies on a 43% earnings jump by 2026. With a steep price-to-earnings ratio of 128x, Tesla’s stock is highly vulnerable to further decline if the company fails to meet its lofty promises.
Analysts are divided on Tesla’s prospects, with 13 analysts issuing buys, 15 holds, and 8 sells. The consensus is a hold rating, and the average price target of $305.37 suggests limited upside potential for the stock.
Source: https://www.tradingview.com/news/gurufocus:67193013d094b:0-tesla-under-fire-for-overpromising-and-underdelivering-top-investor-says