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Tesla stock yahoo finance updates indicate that TSLA’s RSI sits
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Tesla stock Yahoo Finance updates indicate that TSLA’s RSI sits at 42.7, approaching oversold territory. For traders watching momentum indicators, this could signal a short-term buying opportunity if broader market risk appetite stabilizes. Alphabet stock has soared by 48% over the past year, yet its P/E ratio is still just 26.2 which makes it the cheapest member of the Magnificent Seven. Considering the company's resounding success in the AI space so far, I think its stock could be destined for much higher ground. The pull forward in EV sales in the third quarter could lead to a significant decline in the fourth quarter. However, Tesla plans to introduce a lower-cost model in the fourth quarter, which could boost delivery growth. At the same time, if Tesla can build momentum with the robotaxi rollout ahead of an approval for a fully autonomous robotaxi service, the stock is likely to find favor with investors. Tesla stock Yahoo Finance lists the forward P/E at 48.9, which is above sector peers. Analysts debate whether premium valuation is justified by Tesla’s AI-driven autonomous driving prospects.