Robotaxi Flop Leaves Tesla’s Lofty Stock Multiple Looking Shaky

Bloomberg10-18

Tesla Motors’s reveal of its much-hyped self-driving car last week left investors underwhelmed and sent shares plunging. The disappointment also left the Street questioning the shares’ premium ...

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Comments

  • Dr Rck
    10-18
    Dr Rck
    Sad to say, it was really lacklustre an event on 10/10 without much specifics and those which he introduced were not something investors haven't heard before and timeline seemed just too far away to warrant 75 times P/E. I think going forward, EM has to put more pressure into more concrete timeline to launching robotaxi amid difficult regulations the company is facing! These are headwinds and more to come in other parts of the world!
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