Tesla Inc. is struggling with weak demand in several global markets in 2025, a trend that could challenge the electric car maker’s lofty valuation. One market expert believes the stock is still in a bullish streak Big fan of Elon Musk.
Musk’s fan base and Tesla have boosted the stock’s valuation in recent years, with the stock often trading at a premium to other auto and technology stocks.
Future Fund managing partner Gary Black has high hopes for Tesla’s autonomous driving, and he reminded people of what lofty expectations could mean for the electric car company.
“The current hype that TSLA will dominate unsupervised ride-hailing reminds me of 2020-2021, when TSLA bulls were convinced that Elon would hit his goal of delivering 20 million vehicles per year by 2030,” Black wrote on Twitter.
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Instead, new analyst consensus forecasts will reach 2.8 million deliveries by 2030.
$Tesla It has fallen for three consecutive weeks, with the year-to-date decline extending to -11.8%, while NDX has fallen -2.4% year-to-date. Investors are obviously increasingly wary of Elon’s promise that TSLA unsupervised autonomous driving will cover 25%-50% of the United States by the end of the year. Today, there are only 8 of the approximately 400 TSLA robot taxis in the United States…
Tesla bulls expect Musk to be able to solve the problem of unsupervised autonomous driving, the driverless goal of Tesla’s Full Self-Driving (FSD) technology. Specifically, Tesla investors can now trade the stock based on Musk’s promise to have unsupervised autonomous driving in 25% to 50% of the U.S. by the end of 2026.
“TSLA bulls offer valuation models of $1,000/$2,000 or more, assuming Tesla captures almost all of the self-driving ride-hailing market, which is as absurd as Tesla capturing 25% of the entire auto market by 2030,” Black said.
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black name alphabet inc., Baidu, Pony AI, WeRuan ZhiXing and amazon.com As a company that is also working on autonomous driving every week. Black also has a name NVIDIA Corporation As a company preparing to provide its own hardware and software to Tesla’s OEM competitors.
“To believe that no one can achieve universal unsupervised autonomy is contrary to reality,” he added.
Black said Tesla bulls may be wrong about self-driving cars again for three reasons.
