Elon Musk and Tesla are caught in a ‘Category 5 demand storm’—and Robotaxis aren’t the answer, longtime Tesla bull says

Demand issues and rising competition, both domestically and abroad, have weighed on Tesla in recent quarters. Shares of Elon Musk’s EV giant are now down more than 30% year-to-date, and 58% from their 2021 all-time high. And after reporting vehicle delivery numbers that were 13% below Wall Street’s consensus estimates earlier this month in what some analysts labeled a “nightmare” quarter, headwinds have become so severe for Tesla that even Wall Street’s most well-known bulls are starting to get nervous. Wedbush Securities tech analyst Dan Ives, who has been a...