Tesla (TSLA) Faces 8-Week Stock Decline, Analysts Adjust Earnings Estimates

AI Summary

Tesla, Inc. (TSLA) has experienced an eight-week decline attributed to reduced earnings estimates following disappointing first-quarter 2026 delivery figures. The company's price-to-earnings (P/E) ratio is under scrutiny, currently standing at 180x, as investors express doubts about its robotaxi business potential. Comparatively, other major companies such as Apple (AAPL) and Microsoft (MSFT) have P/E ratios below 30x. Tesla is reportedly planning to introduce two new affordable EV models, which could influence future earnings and market perception.