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[QUOTE="Munyaradzi Mafaro, post: 39810, member: 636"]
Elon Musk keeps telling people that Tesla works as an artificial intelligence company, rather than a traditional carmaker. Most Tesla profits still come from vehicle sales, despite the hype surrounding robotaxis and robots. Seasoned market experts struggle to understand this mixed message from the company. The stock price continues to rise faster than the actual business performance can support. Tesla shares trade at very high price levels compared to expected earnings.

Gary Black from the Future Fund recently sold all his Tesla stock positions. Black held Tesla shares since 2021 but decided to exit completely this time. Tesla stock trades at 188 times expected 2025 earnings per share. Car deliveries will likely drop 12 percent during the second quarter compared to last year. Black expects full-year deliveries to fall 10 percent against previous estimates.

Tesla plans to launch robotaxis and self-driving cars in Austin in June. The company wants to expand this service to other American cities by 2025. Austin transportation officials have not received important details about the robotaxi program. Emergency workers need training sessions that Tesla has not scheduled. The affordable Tesla model will use existing car designs with fewer features.
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