Elon Musk Thinks Tesla Will Become the World's Most Valuable Company. Here's Why Its Stock Could Plunge by 70% (or More) Instead.

Tesla (NASDAQ: TSLA) is one of the world's leading electric vehicle (EV) manufacturers, but many analysts believe the company's true value lies in its futuristic product platforms like the autonomous robotaxi and Optimus humanoid robot. In fact, CEO Elon Musk believes those products will make Tesla the largest company in the world one day.In a conference call earlier this year, Musk even told investors Tesla could eventually surpass the value of the next five largest companies combined. Today, they would be Nvidia, Microsoft, Apple, Amazon, and Alphabet, which have a combined value of $15 trillion. Heading into June, Tesla's June announcement of a limited release of self-driving cars (with human supervision) sent investors into a frenzy. But the launch turned people's attention away from a very serious problem: The company's passenger EV sales -- which account for 72% of its total revenue -- are declining. Here's why this could drive Tesla stock down by 70% (or more). Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool