Key Points Tesla is one of the world's largest manufacturers of electric vehicles, but it's grappling with declining sales as competition heats up. Tesla will report its third-quarter sales figures this week, and another year-over-year decline is expected. Tesla stock is trading at a sky-high valuation as investors speculate on the future success of new products like the Cybercab and Optimus. These 10 stocks could mint the next wave of millionaires › Tesla (NASDAQ: TSLA) stock has soared by 65% over the past year and is closing in on a new record high. Investors are enthusiastic about the company's innovative product pipeline, which includes an autonomous robotaxi called the Cybercab and a humanoid robot called Optimus.
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