Tesla IncTSLA
Mentioned
Impact on stocks 1
Electrification & Mobility
Tesla IncTesla Stock Suffers Worst Month Since December 2022, Plunging 26% in July
Price Action
Tesla stock lost 26% of its value in July, marking its largest monthly decline since December 2022, according to data from S&P Global Market Intelligence. The electric vehicle leader's trailing 12-month net income has dropped 64% over the past three years, even as revenue rose 8%, highlighting declining profitability. CEO Elon Musk continues to position Tesla as an artificial intelligence and robotics company, with the investing thesis relying heavily on future driverless robotaxis and humanoid robots. The stock trades at over 150 times forward earnings, reflecting a speculative bet on those yet-to-materialize business lines. The energy storage segment continues to grow robustly, but the core EV business alone does not justify the current valuation.
Tesla Inc