Tesla 'is increasingly looking like a regular auto company,' says one analyst

’s price cuts this year show customers are no longer willing to pay a premium for its vehicles. That raises a key question on Wall Street: Does its lofty stock-market valuation make sense anymore?

Pricing tension is a broader issue facing Corporate America, with companies testing consumer spending fatigue. Some companies are weathering it better than others. Netflix Inc., for example, had a surge in subscribers that enabled the streaming-service provider to raise prices for a large swath of customers.

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Analysis: Wall Street's 'Magnificent Seven' face moment of truth as earnings season arrivesHigh noon is approaching for the market's biggest stocks, as pressure grows on richly valued technology and growth companies to deliver robust earnings at a time when sky-high bond yields threaten to dull the allure of equities.
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