Tesla shares
Investment Thesis
Tesla's 190x forward P/E valuation appears unsustainable as robotaxi execution lags dramatically (31 vehicles vs 500 target), core automotive sales deteriorate across Europe (-19% UK in November), and new competition emerges from Rivian's autonomous driving push. Morgan Stanley's downgrade to Equal Weight with $425 target and Michael Burry's renewed short position signal institutional skepticism is mounting despite retail enthusiasm around driverless testing announcements.
Why It May Work
Why It May Not Work
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