This Analyst Warns Tesla Stock Could Plunge 70% Despite Elon Musk’s $1 Trillion Pay Package Win

Tesla (TSLA) is one of the best-known automakers in the world. With a market cap of more than $1 trillion, Elon Musk’s company dwarfs Toyota (TM), Ford (F), and the rest of the competition.

But these are fascinating times for the automaker—its electric vehicle sales are collapsing more than 20% from a year ago, and there are concerns about the company’s fourth-quarter deliveries—particularly in overseas markets. You would think that this would put TSLA stock in serious trouble, but the opposite is true. The stock topped $440 this month and, despite a recent drop, is still only 17% off its all-time high. Shareholders, meanwhile, rewarded Musk with a massive compensation package that could be valued as much as $1 trillion as the company leans hard into artificial intelligence.