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Tesla’s Market Position and Sales Trends
Tesla (NASDAQ: TSLA) is currently valued with a price-to-earnings (P/E) ratio of 297 and a price-to-book (P/B) ratio of 18.5, reflecting intense investor sentiment amidst mixed market performance. As of Q3 2023, the company’s electric vehicle sales have seen a decline, with Cybertruck sales dropping 48% year-over-year, while the S, X, and Y models also experienced decreases. Only the Model 3 saw a slight annual increase of 1.3% in sales.
Robotaxi and Humanoid Robotics Potential
Despite the sales downturn, Tesla is banking on future revenue from its robotaxi ambitions and humanoid robotics. CEO Elon Musk recently projected that Tesla’s Optimus robots could potentially add $20 trillion to the company’s market cap over time. Analysts suggest that Tesla’s production capacity for robotaxis could significantly drive demand, though realization of these technologies could take until 2027 or beyond.
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