Shares of Tesla have soared by 70% in the past year, reaching a market cap of $1.5 trillion. Despite its growth, the stock is expensive, trading near all-time highs. Recent Q3 results fell short of expectations, with lower margins and declining net income. Analysts suggest a 15% correction may be looming for Tesla’s overvalued stock.

Tesla’s high valuation, declining earnings, and increased competition raise concerns about its future performance. Investors may want to avoid the stock due to its price disconnect from financials. While speculation can drive prices up, it’s risky to rely on that for gains. Other growth investments may offer better opportunities at this time.

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Read more at Nasdaq: Has Tesla’s Stock Peaked? | Nasdaq