With Tesla sales slumping, Elon Musk is touting Full Self-Driving and robotaxis. High-margin BYD, rolling out new models, is offering an early entry.
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Tesla has had a terrible start to 2024. But Tesla stock hasn't gotten any cheaper, by a key metric. In fact, it's more expensive than ever. Often when a stock sells off hard, investors and Wall Street analysts will tout it as a buy, citing much-cheaper valuations.