March 3, 2023

Tesla Is Getting Boring. That Isn’t a Bad Thing For the Stock.

Boring isn’t a word that many investors associate with

Tesla

The company is led by an iconoclast, and world’s richest person, Elon Musk, who is trying upend the world’s century-old transportation and energy status quo. Still, there is some evidence that

Tesla

is entering a new, more staid, phase of its existence.

Shares of Musk’s electric-vehicle maker dropped 5.9% after an interesting, and long, investor event in Austin, Texas. Investors heard a lot about sustainability. They wanted details about more tangible things, such as the coming Cybertruck and a next-gen lower-priced EV.

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