Even after falling 50%, Tesla stock still seems to be priced based on future innovations like the robotaxi, meaning investors are expecting it to be successful. Meanwhile, analysts have slashed earnings estimates for this year and next, and Wall Street now expects just 13% revenue growth from the company this year.

EV maker Tesla (TSLA) continues to have some strong supporters on Wall Street despite its struggles. And five-star Piper Sandler analyst

A fresh set of headlines may have given investors fresh reasons to sell Tesla, among them competitive news out of China and some skeptical analysis from Wall Street.

Tesla Inc.’s stock is in a freefall. Its sales are plunging around the world. Even its most avid Wall Street bulls are turning cautious. But one group is buying the electric-vehicle maker’s shares like never before: CEO Elon Musk ’s fans.

Elon Musk had an all-hands meeting of Tesla (NASDAQ: TSLA) employees. He urged them to “hang on to their stock at the event.” Tesla’s best days are ahead of it, he argued. Musk’s pitch focused on the idea that Tesla’s autonomous vehicles,