Tesla (TSLA) Investors Face Faith Test as Q4 Earnings Loom on Jan. 28

Robinhood's chief investment officer Stephanie Guild told Yahoo Finance that investing in Tesla (TSLA) is driven by belief in Elon Musk's vision rather than traditional fundamentals. Tesla, the second-most-traded stock on Robinhood, trades like a high-growth software or speculative AI company, contrasting with its slowing core automotive business. As Tesla prepares to report fourth-quarter earnings on January 28, skepticism persists due to missed delivery targets and weak operational metrics. The company's pivot toward AI and Full Self-Driving (FSD) faces competition from Google's Waymo, which logged millions of driverless miles in 2025. Tesla's recent move to nix basic Autopilot software and push FSD subscriptions highlights its chase for recurring revenue. Overseas regulatory approvals for supervised FSD could unlock a massive software market, but skeptics view the robotaxi push as a response to plateauing EV demand.