Tesla Stock Is a Short-Seller's Favorite Again

Core Insights - Tesla is set to unveil its highly anticipated robotaxi, but analysts express skepticism regarding its potential success [1][3] - The company has regained its status as the most shorted stock in the U.S., indicating investor concerns [1] - Weakening fundamentals and discounting measures are primary concerns for analysts [1][3] Group 1: Stock Performance and Market Sentiment - Tesla's stock has increased over 40% since the announcement of the robotaxi event on April 5, despite a delay in the event [3] - Wells Fargo has set a price target of $120 for Tesla, which is half of its current price, reflecting skepticism about the upcoming event meeting high expectations [3] - The excitement surrounding the robotaxi could provide a temporary boost to the stock, even as demand for EVs cools [2] Group 2: Analyst Concerns and Market Dynamics - Analysts are worried about moderating delivery growth projections as EV demand declines [3] - There are concerns regarding the limited effectiveness of discounting strategies to enhance sales [3] - Elon Musk's repeated promises of robotaxis "by year-end" have been met with skepticism, as experts believe the technology is still years away and poses safety concerns [3]