From my pre-mkt summary for Subscribers this morning: $Tesla(TSLA.US) +1.1% again this morning to $416 after rising +5.7% the past two days after showing significant year-over-year gains in April in China and several European countries, as global oil prices have surged.
Despite likely continued near-term momentum fueled by rising oil prices I remain cautious on $Tesla(TSLA.US) given the company’s disappointing FY’26 outlook following robust 1Q earnings. 2026-30 earnings ests continue to decline and investors are coming to the realization that other manufacturers will also solve for unsupervised autonomy over the next 12 months. $Alphabet - C(GOOG.US) $Baidu(BIDU.US) $WeRide(WRD.US) $Pony AI(PONY.US) and $Amazon(AMZN.US) are now completing 1.0M paid unsupervised autonomous rides per week without safety monitors. I have no position in TSLA due to its extended valuation (2026 P/E 220x vs +36% long-term EPS growth, 6.0x PEG).The copyright of this article belongs to the original author/organization.
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