Tesla (TSLA) reported that its electric vehicle (EV) sales jumped in the second quarter, as the firm is likely benefiting from higher demand for EVs amid higher gasoline prices. And in a sign that the automaker expects the latter trend to continue for some time, Elon Musk's company reportedly plans to increase production at its German auto plants.
Still, with Tesla's self-driving technology and robotaxi initiatives underwhelming in many respects and the shares still changing hands at an extremely high valuation, TSLA stock looks very expensive. Further, given its poor execution in these areas, there's a sizeable risk that its newer initiatives, on which it's expected to spend large amounts of money, will not produce favorable results. In light of these points, the shares do not look appealing.
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Still, with Tesla's self-driving technology and robotaxi initiatives underwhelming in many respects and the shares still changing hands at an extremely high valuation, TSLA stock looks very expensive. Further, given its poor execution in these areas, there's a sizeable risk that its newer initiatives, on which it's expected to spend large amounts of money, will not produce favorable results. In light of these points, the shares do not look appealing.
PayPal Says a $53 Billion Takeover Offer from Stripe Undervalues It. How to Play PYPL Stock Here.
Billionaire Jeff Bezos Called Amazon's Customer Service to Prove a Point But Waited in Silence for More Than 10 Minutes — 'It Was Really Long'
Micron Stock Is Near Bear-Market Territory. Here's Why ASML's Guidance Says Buy the Dip.
#Stock #still #further
8 days ago
