$Tesla Motors(TSLA)$
Tesla’s fundamentals no longer justify its valuation. Q2 deliveries missed expectations, margins are under pressure from relentless EV price cuts, and Elon Musk’s increasing political entanglements are adding unnecessary reputational risk. The so-called robotaxi rollout is still vaporware with no regulatory approval in sight, and the AI narrative is already priced in. Technically, the stock’s hovering just below resistance at $311–$318 — a clear double top from earlier this month. Smart money is quietly rotating out of Tesla and into lower-multiple, cash-generating tech names. If you’re holding TSLA at these levels, you’re betting against gravity.
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