Tesla FSD "Hopium" For June Props Up the Share Price
Despite a Q1 EPS miss of 29% & plunging sales worldwide in April, Tesla won't fall. Retail investors are valuing FSD at over $700 billion on hopes of robotaxis in June.
Tesla continues to outperform the market despite reporting a 29% EPS miss on April 22nd. If any other carmaker announced such disappointing results, they’d be lagging market performance.
The continued rally is due to a mix of Musk’s reiteration on the Q1 earnings call that Tesla robotaxis will start rolling out in Austin in June, as well as a record-hig…
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