With The Commoditization Of EVs, Tesla Is Now An Overvalued Car Company


  • Amidst declining deliveries, Tesla is cutting around 10% of its workforce signaling future challenges.
  • Elon Musk is betting big on Robotaxis as it is difficult to compete against Chinese-made EVs on price.
  • Tesla is trading at a premium valuation to other automobile manufacturers and even relative to other EV pure plays.

Kiev Ukraine July 2021 Tesla Electric car on shingles makes figures. E-Drive. Electric vehicle drives. Red car spins in a circle in smoke from tires. tire explodes

Anastasiia Yanishevska/iStock Editorial via Getty Images

I received a fair amount of criticism in my last article about Tesla (NASDAQ:TSLA). The stock’s recent price action though has validated my bearish thesis. Since I last wrote about TSLA, it has

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