# Tesla Stock Overvalued Despite Tech Momentum

> Tesla's stock price ignores proof of profitability from new ventures.
- Title: Tesla Stock Overvalued Despite Tech Momentum · Seekingalpha
- Summary: Tesla's stock price ignores proof of profitability from new ventures. Tesla remains overvalued as new ventures lack large-scale profitability.
- Keywords: tesla, spacex, robotics, valuation, funding, autonomy, fsd, optimus, robotaxi, money, business, Stock
- Source: Seekingalpha — https://seekingalpha.com/article/4956117-tesla-spacex-robots-and-a-valuation-that-defies-gravity
- Author: Kenio Fontes
- Published: 2026-10-22T00:00:57+00:00
- Read time: 1 min
- Topics: tesla, spacex, robotics, valuation, funding, autonomy, fsd, optimus, robotaxi, money, business
## Tesla stock overvalued
Tesla remains overvalued despite impressive technology demonstrations and ambitious optionality in autonomy and robotics.
## Q3 financials weak
Q3 financials were weak: flat revenue, declining automotive sales, and operating margin down to 2.6% amid surging R&D and stock-based compensation.
## FSD and robotics momentum
FSD attach rate hit 75% of new NA deliveries; Optimus and Robotaxi initiatives show momentum but remain unproven for large-scale profitability.
## Key takeaway

Tesla remains overvalued as new ventures lack large-scale profitability.