According to experts, Tesla is currently in a transitional phase, and this is a crucial time for the electric vehicle manufacturer.
Recently, Tesla reported significantly weaker second-quarter 2025 earnings compared to the same period last year. During the earnings call, Tesla CEO Elon Musk warned of potential obstacles and shared that ride-hailing services and autonomous driving features will be the company's main focus in the coming period.
Tesla's electric vehicle (EV) business is declining sharply amid increasing competition and growing opposition to Musk's political views. Furthermore, the expiration of the $7,500 federal electric vehicle loan has added to the difficulties.
Speaking on Yahoo Finance's Opening Bid program, Lisa Schreiber, an expert at investment firm Gradient Investments, said that when it comes to valuation, investors don't know exactly how to value Tesla.
She explained that Tesla is no longer just a purely electric vehicle company, but it hasn't truly become a robotaxi and robotics company either. This is what has caused confusion for investors.
Indeed, the way the market values Tesla clearly illustrates this confusion. Tesla's stock is trading as a rising tech star, not a car manufacturer.
Tesla's projected P/E ratio (price-to-earnings ratio) is as high as 161 times, a figure far exceeding even high-growth tech giants like Nvidia (around 55 times), and significantly different from a purely automotive company like Ford (only 9.6 times).
Meanwhile, some view Tesla as a company still struggling to find its direction for the future. While its innovations in autonomous driving technology are commendable, the long wait is testing the patience of even the most level-headed investors.
Schreiber noted that caution is needed, especially with Tesla, as Musk frequently makes grand promises but delays product launches.
One example is the robotaxi service: although it launched last June in Austin, Texas, according to William Blair analysts, it is still six years behind Google's Waymo competitor. During the earnings report, Musk also mentioned humanoid robots, AI, and their integration into the company's fleet.
If Musk and his associates can deliver on their promises, investors like Schreiber would likely be among the first to support them. But for now, they choose to stand aside and wait.
This expert believes caution is needed at this time. The expert stated that, in order to decide to buy, they need to see tangible results and witness the promises being fulfilled first.
During a recent earnings call, Musk announced that Tesla is in the process of applying for regulatory permits to launch its robotaxi service in several states, including California, Nevada, Arizona, and Florida.
He expects the service to reach 50% of the US population by the end of this year and to be rolled out on a large scale by the end of 2026. However, so far, the company is only operating a small fleet of vehicles in Austin, Texas, and has not yet opened it to the public. Obtaining permits, especially in California, could be a much bigger hurdle than Musk anticipates.
Shawn Campbell, an advisor at investment firm Camelthorn Investments and also a Tesla shareholder, believes Tesla cannot afford to make mistakes with its robotaxi service. The company's automotive business is also struggling with declining sales in most markets.
Tesla's sales fell 13% in the first half of 2025, as its core electric vehicle business suffered due to an outdated product line and brand damage from Musk's political activities.
The fact that no affordable car model will be launched until the final quarter of the year, and the possibility that the $7,500 tax credit for electric vehicle buyers in the US will soon be gone, has led Musk himself to admit that the company may face "a few difficult quarters."
On July 23rd, Tesla announced that it had begun production of the first versions of its affordable car model, a move believed to be aimed at stemming the severe sales decline the company is facing in global markets.
Tesla is expected to begin mass production of this affordable model in the second half of this year, raising hopes of reviving demand amid increasing competition from cheaper electric vehicles, particularly in China, as well as backlash against Musk's political views.
Source: https://www.vietnamplus.vn/de-che-xe-dien-lung-lay-tesla-doi-mat-voi-khung-hoang-nhan-dien-post1052272.vnp
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