Bloomberg Tech Tesla Sales Fall in Europe, US Drone Makers Take on China
Mar 25, 2025
Bailey Lipschitz, a key strategist at ARK Invest, shares insights on Tesla's valuation amid falling sales in Europe, while Morningstar's Seth Goldstein analyzes the electric vehicle market's shifts. They discuss the fierce competition from companies like BYD and the potential for growth despite market challenges. The duo also explores how geopolitical tensions influence tech investments and the evolving landscape of AI and semiconductor regulations, hinting at upcoming opportunities in the sector.
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Tesla's European Sales Slump
- Tesla's European sales have slumped 40% in February, following a similar drop in January.
- Despite this and increased EV competition, Tesla's stock remains relatively stable.
Cathie Wood's Bullish Tesla Prediction
- Cathie Wood remains bullish on Tesla, predicting a stock price of $2,600 in five years.
- This prediction hinges on Tesla's robo-taxi prospects, primarily in the Western world.
Tesla's Growth Prospects
- Tesla's stock performance is driven by enthusiasm for full self-driving technology, approved in China.
- Strong growth prospects exist with energy storage, robo-taxis, and full self-driving subscriptions.