Why is TSL the worst buying point among the "Seven Giants"?

Speaking of investments by tech giants, Nvidia, Apple, and Microsoft now account for 35% of the S&P 500. But did you know that among the seven giants, TSL is actually the most worrying?

Core Issue: TSL's main business is experiencing a downturn. In the first half of the year, the delivery volume of electric vehicles declined, with automotive revenue in the third quarter only growing by 6%, and the operating profit margin dropping from last year's 10.8% to 5.8%. Compared to NVIDIA's outstanding performance in AI chips, Amazon AWS's cash cow status, or Microsoft's stable output in cloud computing—TSL seems to be in a bit of an awkward position.

The future story is still being told: Robot taxis, humanoid robots, AI investments… sounds tempting, but they are still in the money-burning stage. The Robotaxi is still using modified Model Y, not the legendary Cybercab (which hasn't been mass-produced yet). Moreover, most markets still require human supervision.

Valuation is Absurd: TSL's current PE has reached 178 times the expected earnings for 2026. In other words, this price has already absorbed all future stories. The analysts' advice is: wait and see if these new businesses can really make a profit before making any decisions.

Simple and Brutal Conclusion: The risk/reward ratio is not worthwhile. The other six giants all have stable cash cow businesses to back them up, TSL relies solely on the dreams of the next decade. If you are not a gambler who believes in these dreams, there may be better options this year.