Elon Musk's Future Is a Dead End
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CEO Elon Musk now getting the green light for his historic $1 trillion compensation plan, all eyes will be on the milestones ahead that the firm will need to hit if Musk is to rake in such a considerable sum.
That October sales data wasn't a fluke. Tesla is clearly losing market share globally. Tesla sales in Europe have dropped 30% this year, even as overall EV sales jumped 26% in the region. Yet the stock is surging this week after CEO Elon Musk provided some insight into the company's artificial intelligence (AI) technology.
With products like the Cybercab and Optimus yet to officially roll out, however, EV sales will remain Tesla's primary source of revenue in 2026. That's why Wall Street analysts are expecting just 15% top line growth next year, according to Yahoo! Finance.