Tesla shares remained under pressure, struggling to break the key $380 resistance level. Recent positive news about vehicle deliveries and Full Self-Driving advancements has not eased concerns about the stock’s high forward P/E ratio and substantial capital expenditures in AI and robotics. Analysts say the rebound could be at risk without new fundamental catalysts.
Former Stability AI CEO Emad Mostaque predicted Tesla could sell more Optimus robots than cars within two years. He projected sales of 10 million robots. That volume could generate $400 billion in revenue, a figure that could help justify Tesla’s current high valuation. Many investors believe that valuation reflects the company’s AI and robotics potential more than its automaking business.