Tesla Stock Climbs Despite Pulling Guidance, but Is More Downside Ahead?
From Nasdaq: 2025-04-26 06:55:00
Despite a poor quarter, Tesla’s stock rose as CEO Elon Musk refocused on the company. Quarterly figures showed declines in auto deliveries and revenue. Musk’s lofty promises for robotaxis and AI aim to offset poor sales. However, Tesla’s valuation is high, and its brand damage may lead to further declines.
Investors are urged to consider the risks associated with Tesla’s stock, given its high valuation and brand damage. Musk’s promises may not be enough to offset declining sales and revenue. Despite hopes for robotaxis, other companies like Alphabet have taken the lead in the space. Tesla’s stock may have further to fall.
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Please note that the views expressed are those of the author and not Nasdaq, Inc. The Motley Fool has positions in Alphabet and Tesla. Check the disclosure policy for more information.
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