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Emmet Peppers analyzed recent TSLA price action and suggested that institutional investors may be reducing their exposure to Tesla due to key uncertainties. He emphasized that this underperformance is not related to short selling but rather to factors such as the scaling up of Tesla's unsupervised robotaxi business.
Peppers listed the main risks that could be prompting some institutions to de-risk and adjust their Tesla holdings. The chief uncertainty cited was the growth and future of the robotaxi sector within Tesla's broader business model.