Tesla Fell Today -- Is the Stock a buy Right Now?

Core Viewpoint - Tesla's stock experienced a decline amid market volatility influenced by disappointing Q1 GDP data and ongoing trade negotiations between the U.S. and China [1][2]. Economic Performance - The U.S. GDP fell by 0.3% in Q1, missing the expected growth of 0.4%, primarily due to a surge in imports ahead of new tariffs [2]. - Consumer spending increased by only 1.8% year over year in Q1, down from 4% in the previous year, raising concerns about a potential recession [3]. Company Performance - Tesla's core auto business saw a 20% year-over-year decline, leading to an overall sales drop of 9% in Q1, while net income plummeted by 71% compared to the prior year [4]. - The stock is currently valued at approximately 147 times this year's expected earnings and about nine times this year's expected sales, indicating a high-risk investment at current levels [4]. Future Prospects - The upcoming launch of the robotaxi service in Austin and developments in manufacturing Optimus humanoid robots could serve as potential growth catalysts for Tesla's stock [5]. - Despite plans to introduce a lower-cost version of the Model Y, significant challenges are expected to persist in the auto business, suggesting caution for potential investors [6].