Buying Tesla’s stock ahead of the robotaxi launch? Here’s what to know first. - MarketWatch
1. Tesla's stock is down 28% from its peak, but up 20% recently. 2. Investors are optimistic about the upcoming robotaxi launch. 3. TSLA's forward P/E ratio is significantly higher than major competitors. 4. Sustained high earnings growth is needed to justify TSLA's valuation. 5. Key technical support is identified at $220 with risk of a pullback.