From Nasdaq.: 2025-04-30 04:33:00

Tesla (NASDAQ: TSLA) shares have dropped 30% year to date and over 40% from their 52-week high. First-quarter automotive revenue fell 20%, worse than the previous quarter. CEO Elon Musk’s upcoming product launches aim to reverse the company’s fortunes, with a focus on Tesla’s growth initiatives and new, more affordable models.

Even with Musk’s increased attention and growth plans, Tesla’s stock may not be a good buy at 160 times earnings. Strong, sustained profit growth is needed to justify the current valuation. Investors should consider the risks before buying. Tesla’s turnaround efforts may already be factored into the stock price post-earnings.

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Read more at Nasdaq.: Tesla Has Big Plans to Reaccelerate Sales. But Is a Turnaround Already Priced In?