Tesla robotaxi launch is destined for failure, bullish analyst says
Piper Sandler maintained its overweight rating, despite its tepid outlook.
It wasn't surprising when Tesla (TSLA) shares shot up following the company's first-quarter earnings release.
Tesla reported a 9% year-over-year decline in first-quarter revenue to $19.34 billion with earnings of 27 cents per share. Analysts were expecting revenue of $21.3 billion with earnings of 41 cents per share.
