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].

Tesla's DON'T need LiDAR for autonomous driving.Perfect example of a Tesla stopping for an object that many would think only LiDAR would be able to deal with.You use your eyes to drive, not lasers (as cool as that would be though..) https://t.co/rqFhBCsD90 ...