Despite a 12% drop in shares this year, Tesla Inc. (NASDAQ: TSLA) still boasts a sky-high price-to-earnings ratio of 189x, far exceeding Microsoft and Amazon. GM reported a 111% surge in electric vehicle sales, while Tesla’s own sales fell 14%. Chinese automakers are also ramping up production, challenging Tesla’s dominance. With competitors closing in and fundamentals weakening, Tesla’s future is uncertain. Elon Musk continues to make bold promises, but the pressure to justify the valuation is mounting. As the EV landscape evolves, Tesla may need a reality check. Shares were up 0.31% on Wednesday.

Read more at Yahoo Finance: Tesla Is Still Selling Glossy Future