Tesla stock could be headed for a sharp correction if it doesn't commercialize its robotaxi and humanoid robot soon.
Tesla ( TSLA 3.94% ) stock has soared by 65% over the past year and is closing in on a new record high. Investors are enthusiastic about the company's innovative product pipeline, which includes an autonomous robotaxi called the Cybercab and a humanoid robot called Optimus. In fact, CEO Elon Musk believes these new platforms will make Tesla the most valuable company in the world one day.
But 74% of the company's revenue still comes from selling passenger electric vehicles (EVs) like the Model 3, Model Y, Model S, Model X, and Cybertruck. Unfortunately, sales have plummeted this year as manufacturers of affordable EVs are snatching market share from Tesla in many key