
Tesla's Growth Story Battles Valuation Concerns Amid Market Crosscurrents

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Tesla Inc (TSLA) shares are down 2.30% to $331.56 as investors react to disappointing Q2 earnings, with revenue falling 12% year-over-year to $22.5 billion. Automotive revenue dropped 16%, and EPS of 40 cents missed expectations. Despite strong sales in Norway, competition is rising, particularly from BYD in the UK and India. Tesla is hiring for its Robotaxi service and plans to launch a more affordable model by 2025. Benzinga Edge data shows TSLA as a high-growth company but overvalued, with a low Value score of 9.27.
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