The bull case for
Tesla (TSLA)
watchlist
rests on optionality, not on today's earnings. The stock trades at USD 398.73 (2026-10-28, down 2.14% on the day), and the fundamentals are genuinely weak right now: TTM P/E of 438x, net margin 2.81%, and 2026 nine-month net profit down 42.68% year on year. So the argument has to be about what is being built, not what is being earned.
That "what" is becoming measurable. FSD was attached to more than 75% of North American Q3 deliveries and has 1.74 million paid subscribers, nearing roughly USD 1 billion in annual recurring revenue — software margins far above vehicle margins
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
- YueShan·00:28Good ⭐⭐⭐LikeReport