Tesla Sank Today -- Is the Stock a Buy Right Now?

Core Viewpoint - Tesla's stock experienced a significant decline, dropping 5% in a single trading session, contributing to a broader market downturn influenced by investor profit-taking and tensions between Elon Musk and President Trump [1][2]. Market Impact - Tesla's news significantly affected the overall market, with the S&P 500 and Nasdaq Composite also experiencing declines of 0.1% and 0.8% respectively [1][2]. - The U.S. Senate's passage of a tax and budget bill without restrictions on state AI regulations added to the bearish sentiment surrounding Tesla [4]. Stock Performance - Tesla's stock has decreased by 13% over the past month and approximately 26% year-to-date [4]. - The company's current valuation stands at about 10 times this year's expected sales and 161 times expected earnings, indicating that substantial growth is already factored into the stock price [6]. Business Outlook - The launch of Tesla's robotaxi service in Austin, Texas, marks a step forward, but scaling the business may take time [5]. - The core auto business faces potential headwinds, with a weaker sales outlook raising concerns about the stock's risk profile [7].