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Tesla Stock Stalls as Valuation Concerns Linger Ahead of Earnings
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Tesla Stock Stalls as Valuation Concerns Linger Ahead of Earnings
Key Insights Tesla stock is hovering near its year-to-date high ahead of its earnings. There are lingering concerns about its sky-high valuation. The stock has formed a double top pattern, indicating a potential reversal. Tesla stock price has more than doubled from its lowest level in April as investors pivoted from its challenges in the electric vehicle industry to its AI future. It was trading at $442 on Wednesday as traders waited for its t…
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