The post Tesla on track for another annual sales drop as robotaxi narrative fuels stock overvaluation appeared on BitcoinEthereumNews.com.

Tesla is closing in on its second straight yearly drop in sales, even as its stock keeps climbing. That jump has nothing to do with more cars on the road. It’s all about Elon Musk’s push for robotaxis, AI, and the fantasy of fully autonomous rides. Meanwhile, actual people buying actual cars aren’t buying what Tesla is selling. In the second half of last year, Tesla stock went on a wild run. Not because of sales. Not because of anything customers did. It was all hype. And when the company reports fourth-quarter numbers this week, the numbers are expected to land at 440,900 deliveries, down 11% from last year. Even worse, Tesla itself released a forecast showing an expected 15% drop. Elon’s Trump drama and robotaxi pivot flipped the year Tesla sales were already kind of bad in Q3 2024, as Elon was busy upgrading Model Y production lines at every factory, which stalled output. Then the man decided to go full politics, backing President Donald Trump and then publicly breaking up with him in a manner generally regarded as embarrassing. Retail investors were pretty mad at him. Elon was trading insults with administration officials over tariffs, and Tesla’s stock was down 45% for the year. Then boom, Elon swerved and brought out the robotaxi storyline again, the dream where Tesla cars drive themselves and earn money for owners. In June, the company launched an invite-only service in Austin, apparently put safety drivers in the cars, but that didn’t stop them from breaking traffic rules right out the gate By September, Tesla’s board had a plan to reward Elon with up to $1 trillion in compensation if he delivers millions of robotaxis. By December 16, the stock hit a new high. The company had added over $915 billion in value…

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Filed under: News - @ January 1, 2026 1:20 pm