Tesla's Stock Is Sliding After Earnings. Next Up: A Big Vote on Elon Musk's Pay

Core Insights - Tesla's shares experienced a decline, impacting year-to-date gains, following the release of third-quarter earnings that included both positive sales growth and disappointing earnings per share [1][3][5] Financial Performance - Tesla reported a return to year-over-year quarterly sales growth after two consecutive quarters of decline, but earnings per share fell short of Wall Street expectations [3][5] - The current market capitalization of Tesla is approximately $1.4 trillion, with bullish analysts projecting it could reach $2 trillion by early 2026 and $3 trillion by the end of 2026 under favorable conditions [6] Analyst Perspectives - Wedbush analyst Dan Ives maintains a bullish outlook with a price target of $600, emphasizing the importance of Tesla's AI strategy and its potential market cap growth [6] - JPMorgan analysts have a more conservative price target of $150, citing concerns over spending and operating expenses while acknowledging Tesla's bold products and leadership [6] Market Sentiment - Investor sentiment is mixed, with some showing wariness about the stock's price in light of recent earnings, while others remain optimistic about Musk's long-term vision [4][5][7] - The ongoing debate among analysts reflects differing views on Tesla's identity as a carmaker versus a tech company focused on AI and autonomy [4][6]