Tesla's Election Victory Doesn't Change Core Concerns

Nov. 08, 2024 6:09 PM ETTesla, Inc. (TSLA) Stock, TSLA:CA Stock16 Comments
(9min)

Summary

  • Tesla, Inc.'s Cybertruck faces low demand and high costs, risking billions in losses and questioning its long-term viability.
  • Consumer interest in Tesla is waning, with EV demand slowing and inventory increasing, challenging growth projections.
  • Tesla's valuation is deemed excessive, with a high P/E ratio and modest vehicle sales growth not justifying its market cap.
  • Political pressure for EV adoption remains a potential risk to the bearish TSLA thesis, but current fundamentals suggest Tesla is overvalued.

Brandon Woyshnis

Tesla, Inc. (NASDAQ: NASDAQ:TSLA) is the world's most valuable carmaker, with a market cap of more than $760 billion. The company announced its pickup truck, the Cybertruck, which originally hit almost 2 million preorders with “off

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