Tesla's Institutional Support Wavers as Growth Prospects Dim

Early investors are selling off Tesla shares amid concerns over slowing sales, intense competition, and CEO Elon Musk's distractions.

Tesla's stock has dropped nearly 30% this year and over 50% since its 2021 peak, erasing $600 billion in market value.
Institutional investors like Gabelli Funds and Gerber Kawasaki Wealth have significantly reduced their Tesla holdings.
Analysts remain divided, with some maintaining 'buy' ratings while others express skepticism about Tesla's future growth.
CEO Elon Musk's focus on autonomous driving and AI has not alleviated concerns over the company's fundamentals.
Despite challenges, Tesla remains the world's most valuable automaker with a market cap of over $560 billion.