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"Where I've been massively wrong is not anticipating that TSLA would start a price war, which has caused TSLA 2024 and 2025 earnings power to collapse," he said.
He saw the strong performance of Walmart as a testament that the "American consumer is alive and well."
One analyst believes Tesla's stock will remain stuck at its current levels for a while.
Some members of the Legislature want to require South Dakota's governor to disclose more information about how she's spending millions of dollars that employers must pay into a state fund that only she controls.
With Tesla cash pile estimated to hit $150 billion by 2030 and the stock languishing, a Tesla investor recommended a strategy to prop up the stock.