Tesla reported a first-quarter earnings miss after Tuesday's closing bell, and MarketWatch broke down the results and followed along the post-earnings call. The miss seemed irrelevant for the stock, which rallied nearly 5% as investors cheered news that Chief Executive Elon Musk is expecting to spend more time at the EV maker and less time on DOGE starting next month.

Cathie Wood thinks Tesla stock can rise 10-fold during the next five years. The company is struggling to sell cars at the moment and has no new commercially viable products on the horizon. Investors would be wise to stay away from the stock due to its high price-to-earnings ratio.