Overview
- Tesla's stock has dropped nearly 30% this year and over 50% since its 2021 peak, erasing $600 billion in market value.
- Institutional investors like Gabelli Funds and Gerber Kawasaki Wealth have significantly reduced their Tesla holdings.
- Analysts remain divided, with some maintaining 'buy' ratings while others express skepticism about Tesla's future growth.
- CEO Elon Musk's focus on autonomous driving and AI has not alleviated concerns over the company's fundamentals.
- Despite challenges, Tesla remains the world's most valuable automaker with a market cap of over $560 billion.