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I think Tesla (TSLA) stock still belongs in a long-term investor's portfolio, but only for those who can stomach an elevated price-to-earnings multiple.
The China sales pop and the worldwide rollout of its driving software strengthen the bull case.
Yet TSLA stock trades at a punishing valuation.
So, I view Tesla as a name to accumulate on weakness.
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Sign up now! I have tracked Tesla's slow shift from a carmaker to a software-and-robotics story for years.
May's numbers out of China are the kind of data point that keeps the story breathing.
According to aCNBCreport, sales of Tesla cars built in China rose 40% in May.
Preliminary data from the China Passenger Car Association (CPCA) suggests that Tesla delivered 85,982 new energy vehicles (NEVs) from its Shanghai plant, a 39.4% rise from May 2025.
CNBCalso noted Chinese automakers sold 1.36 million passenger EVs in May, up 12% from a year earlier and 11% above April.
Notably, BYD (BYDDY) snapped an eight-month slide with 376,990 deliveries, basically flat.
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