Elon Musk might not be leading a hypergrowth EV maker, after all, and analysts are taking note We caution Tesla shares could fall much further still Fortune

Image for article Elon Musk might not be leading a hypergrowth EV maker, after all, and analysts are taking note We caution Tesla shares could fall much further still Fortune
News Source : Fortune

News Summary

  • Tesla sold about 387,000 cars in the first quarter, while analysts on average thought that number would be around 449,000
  • That puts the company on track for a second straight year of declining annual earnings
  • At 59 times forward earnings, Tesla’s the most expensive member of the Magnificent 7 group of big tech companies
Shockingly lowquarterly sales figures from Tesla Inc. this week are raising a fundamental question for investors If the days of breakneck growth are over, what are the shares ofElon Musks company [+5318 chars]

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