X @Herbert Ong

🚨 Oppenheimer reiterated its Perform rating on $TSLA as Tesla accelerates its Physical AI pivot.The firm says Tesla’s push to build a fully vertically integrated supply chain will take multiple years and could delay key programs like Cybercab and Optimus.Oppenheimer also expects Tesla to be free cash flow negative in 2026 due to heavy factory buildout and notes the company may use off-balance-sheet structures for its Cybercab fleet.Despite valuation concerns and a very high P/E, Tesla still holds more cash ...