Despite the company unveiling its Q4 2024 numbers—with weaker-than-expected EV delivery and sales figures—Musk’s optimism remains undeterred as he announced that autonomous ridesharing services will debut in Austin this June before expanding nationwide.

One prominent investor, known by the pseudonym JR Research, warns against placing too much trust in Musk’s spin.

 “The recent bear market in Telsa stock reminds investors of the danger in relying on the Elon Musk hype and his past overstated promises,” cautions the 5-star investor, who is in the top per cent of TipRanks’ stock pros.

He added, “To be clear he doesn’t have quite an enviable record when it comes to delivering on the goods for his autonomous ambitions.”

JR Research remains unconvinced that Musk will meet these grand expectations, especially given Tesla’s staggering valuation—north of $1 trillion and trading at a forward adjusted EPS multiple of over 120x, in stark contrast to the auto industry’s median of around 4x.

“As the date for its robotaxi rollout inches increasingly closer, I believe the market will likely reassess whether Musk could yet again have overestimated his execution prowess, which could likely continue Tesla downward spiral to a more reasonable valuation level before consolidating,” said JR, who is maintaining a Sell rating.

While the rest of the cocaine nose jobs of Wall Street’s sentiment on Tesla is mixed—with 12 Buy, 12 Hold, and 10 Sell ratings resulting in a consensus Neutral outlook and a 12‑month average price target of $336.48—data-driven tools such as TipRanks’ Smart Score continue to empower investors seeking clarity amid the hype.