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With Tesla already trading at a market cap of $1.5 trillion and a P/E ratio of 200, the stock seems more likely to underperform than not next year, despite the current investor enthusiasm.
In the past, when Tesla's car business fell below 17% of its total market cap, its stock tended to "enter a downward channel," UBS added. Tesla's auto business accounts for just 12% of its current ...
It's clear what's driving Tesla's stock higher, and it's not the EV business ... The financial reality is that its vehicle business, which just saw its annual production volume drop for the first ...
Tesla stock fell 8% after missing fourth-quarter delivery estimates by about 10,000 vehicles. Tesla's 2024 deliveries marked its first annual sales decline amid rising EV competition.
For the period, Tesla reported a 9% drop in its deliveries and a 9% drop in revenue. Its gross margin dipped 2 percentage points to 17.4%, while its net income nosedived by 55% to $1.1 billion.
Tesla stock skidded to start 2025 following a big fourth quarter delivery miss and an overall down year for the electric vehicle maker.For the quarter, Tesla said it delivered 495,930 vehicles ...
Tesla stock is down 7% since it reported third-quarter vehicle deliveries on Wednesday. JPMorgan sees the stock drifting even lower, by as much as 48% to its $130 price target.
Some investors are selling the stock today ahead of that report. Tesla shares dropped as much as 5% before paring some of that drop. The stock was trading lower by 2% as of 2 p.m. ET.