Why Ross Gerber Finds Tesla Stock Expensive Despite Its 50% Plunge? 'Fundamental Story Has To Be Revalued' - Tesla (NASDAQ:TSLA)
1. Ross Gerber believes TSLA remains too overpriced despite a 50% drop. 2. TSLA's forward P/E ratio is currently at 65, significantly higher than S&P 500. 3. Political controversies surrounding Musk may alienate parts of Tesla's customer base. 4. Analysts have downgraded TSLA's projected vehicle sales for 2025 for the second year. 5. Gerber likens TSLA's brand challenges to Apple's with declining value in the used market.