Uber's stock has been on a tear in 2025. Shares are up over 55% through July 3. Even so, as the chart shows, Uber's P/E ratio is at a low level compared to where it was a year ago, and it's far below Tesla's lofty earnings multiple as well.

What Happened? Shares of electric vehicle pioneer Tesla (NASDAQ:TSLA) fell 7.4% in the morning session after CEO Elon Musk announced over the weekend his intention to form a new political party, the "America Party.

Tesla, Inc. (NASDAQ:TSLA) is one of the AI Stocks Making Waves on Wall Street. On July 9, RBC Capital analyst Tom Narayan raised the price target on the stock to $319.00 (from $307.00) while maintaining an “Outperform” rating.