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Will Tesla Stock (NASDAQ:TSLA) Tread Water Until the Robotaxi Unveiling?
I’m bearish on Tesla (NASDAQ:TSLA), and I can’t help but think that Elon Musk’s announcement regarding the unveiling of a Robotaxi on August 8 is something of a distraction. So, why would Musk be distracting us? Well, vehicle sales are slowing, margins are falling, and Tesla’s dominance in the electric vehicle (EV) segment is over. Plus, the stock’s valuation is high. This is why I’m bearish on TSLA stock, but I don’t expect it to move much until we know what Musk has in store for us on August 8
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