Tesla TSLA) shares came under selling pressure on Thursday despite the electric vehicle (EV) giant delivering better-than-expected Q3 results, as investors questioned whether its ambitious artificial intelligence (AI) and robotics initiatives can justify its premium valuation. To that point, TSLA is trading at over 200X forward earnings and more than 14X forward sales. While Tesla's profitability remains challenged, stronger vehicle deliveries, improving automotive margins, and the possibility of a merger with SpaceX SPCX) could provide meaningful catalysts for the stock.Zacks Investment Research Image Source: Zacks Investment Research Tesla's Q3 Earnings Beat Overshadowed by Profitability Concerns Tesla reported adjusted Q3 earnings of $0.
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