Tesla's stock price has fallen to a three-month low, down more than 30% from its historical high. Wall Street has lost confidence in Tesla's AI narrative and autonomous driving prospects, with Oppenheimer issuing a warning on its valuation and maintaining a "market perform" rating. Analysts pointed out that Musk's bid for OpenAI is merely a temporary distraction, as competition in electric vehicles and autonomous driving intensifies, posing valuation risks for Tesla. Tesla's stock price dropped 6.34% on Tuesday, hitting a new low since November 2024, with a cumulative decline of over 30%$Tesla(TSLA.US)
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