Tesla: Musk's Autonomous Vision vs. Market Reality

Tesla's stock has plummeted by almost half amidst debates on its market value. Despite falling EV sales and political distractions, its high valuation reflects bets on autonomous technology yet undelivered. Musk's switch to robotaxi focus keeps investor hope alive despite regulatory challenges and stiff competition.

Tesla's stock has nearly halved in three months, sparking debates among investors on its continued valuation. The electric-vehicle maker's market cap saw a 45% dive after hitting a record high in December, a streak marred by CEO Elon Musk's political engagements and unmet promises on autonomy.

Despite this decline, investors continue banking on Tesla's potential in AI and autonomous tech. The company, largely evaluated on its visionary pitches rather than current profits, faces scrutiny as analysts highlight the mismatch between promised innovations and delivered products.

Political activities, competition, and falling demand plague Tesla's core EV business. However, Musk's robotaxi focus captures some investor optimism, with models predicting massive growth reliant on future technologies yet to shape the market definitively.

(With inputs from agencies.)