https://www.nbcnews.com/business/autos/tesla-reports-first-annual-decline-deliveries-rcna185997
A trillion dollar company sporting a 130x earnings multiple with negative growth and a superior competitor (BYD) with even greater shipments valued at $100 billion.
Elon promised Tesla would lead in self-driving cars but I see driverless cars about 50 times a day and they are 100% white Waymos with a week waiting list.
Many companies are pursuing the humanoid robot opportunity.
Despite promises to the contrary, Elon has converted corporate opportunities and put AI into a separate company valued at $45 billion.
So…Tesla is way overvalued.