I know that Tesla sometimes feels like a religion but there just might be a good time to short the stock. Before going out and saying it's bad software, short the stock first and then ethically berate it. I just did.
It's a 200 pe stock, sales are falling, so it won't have earnings to speak of next quarter. High pe stocks need growth to justify their multiples. Tesla is not growing.
Also if this robotaxi service isn't pulled off the road soon then it will be limited to a very select set of locations. If someone has to sit in these cars to monitor them all the time then Tesla may be losing money on every journey.
This premature move in releasing the robotaxi is certainly stock pumping.
It's a 200 pe stock, sales are falling, so it won't have earnings to speak of next quarter. High pe stocks need growth to justify their multiples. Tesla is not growing.
Also if this robotaxi service isn't pulled off the road soon then it will be limited to a very select set of locations. If someone has to sit in these cars to monitor them all the time then Tesla may be losing money on every journey.
This premature move in releasing the robotaxi is certainly stock pumping.