Elon Musk’s brainchild, Tesla, has been the talk of the town lately. With a price-to-earnings (P/E) ratio of 67, it’s soaring well above the Nasdaq-100 index’s 30.8, sparking whispers of overvaluation amongst its big-tech peers. The snazzy numbers aren’t quite adding up, and investors are starting to feel a tad jittery.
The FSD and Robotaxi Conundrum
Tesla zealots have been quick to hitch onto the starry promise of Full Self-Driving (FSD) and robotaxi services. Ark Invest fans are buzzing about these potential game-changers that could potentially upstage Tesla’s electric vehicle domain. However, the gamble remains—will these aspirations score a touchdown with regulators? The crystal ball isn’t clear on this one.
A Reality Check on Tesla’s Stock Price
But let’s hold our horses on that $2,600 by 2029 dream. With Tesla’s earnings taking a nosedive faster than a lead balloon, the math seems to be pointing to a more down-to-earth outcome. Sure, Tesla has a rosy future, but could investors be cruising for a bruising by betting the farm on it today?
The Smart Bet: Where to Park Your Cash
For those eyeing Tesla as a golden goose, a word to the wise—think again. The Motley Fool Stock Advisor team has dived into the deep end and surfaced with ten top picks that could be the next big thing. Tesla may not be part of their A-list, but remember when Nvidia hit the jackpot in 2005? If you’d bankrolled $1,000 back then, you’d be swimming in a cool $710,860 by now!*
Stock Advisor doesn’t just throw darts at a board—it’s a roadmap to financial nirvana. With guidance on sculpting that perfect portfolio, regular analyst updates, and a fresh pair of stock picks every month, it’s been kicking financial butt and taking names since 2002*
So, before you clamber onto the Tesla bandwagon, perhaps a detour to the ten best stocks could be a savvy move. Remember, the road less traveled often leads to greater treasures.
*Stock Advisor returns as of September 16, 2024