TSLA shares dropped 73.6% from a peak of $409.97 on November 4, 2021, to $108.10 on January 3, 2023, in contrast to a peak-to-trough drop of 25.4% for the S&P 500. Sine then, the stock surged to a high of $479.86 on December 17, 2024, and is currently trading at $475.31

EV giant Tesla (TSLA) has never been short on promises for a bold future. For years, Tesla fans have heard the narrative that Robotaxis would be the next new growth engine as its core EV business cools off.

Tesla Inc (NASDAQ:TSLA) shares are trading lower on Wednesday, pulling back after hitting all-time highs on Tuesday.

Tesla stock came under pressure on Wednesday after touching an all-time high earlier in the session, as investors reacted to fresh regulatory scrutiny in California that could complicate the company’s ambitions for self-driving technology.

In spite of declining revenue and tighter margins, Tesla (TSLA) ’s stock experienced a remarkable increase of 63%, in the past nine months, driven by an astonishing 130% rise in its P/E ratio.

Shares saw their first record close since December 2024, helping support the continued reign of the “Magnificent Seven.”

Between 2018 and 2020, the average Tesla director received a total of about $12 million in cash-and-stock compensation. That was about eight times as much as the average director at Alphabet, the next highest-paid among the "Magnificent Seven" companies.

Burry was one of the few on Wall Street to correctly predict the 2008 subprime mortgage crisis and has since become a financial thought leader on the advent of AI. His criticism of Tesla spans years, notably holding a massive short position ( explained here by Investopedia) against Musk's automaker in 2021.