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Tesla: Share price recovery depends on revenue, not robots

Investors are right to be wary about the 61 times price-to-earnings ratio

©The Financial Times Limited 2020 Sep 22, 2022 / 03:17 PM IST
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Tesla: Share price recovery depends on revenue, not robots

Tesla chief Elon Musk is still the largest investor in Tesla, though he has sold more than $15bn of shares to raise cash this year (Illustration: Moneycontrol)

The humanoid robot Tesla is expected to unveil this month is an expert bit of stagecraft. Optimus, billed as the future of labour, is sci-fi come to life. But futuristic robots are not what investors in the electric carmaker care about. Production in China, progress at the new factory in Germany, material supply and rival vehicle sales all take precedence. Tesla makes the most popular electric vehicle in the world. As more traditional carmakers enter the EV market this achievement...

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