Tesla's (TSLA) second quarter earnings are due out Tuesday, July 23, after the market close. As the EV maker pivots further into AI, robotics, and robotaxis, Roth MKM Senior Research Analyst Craig Irwin finds the stock to be "egregiously overvalued."

Irwin praises how Tesla CEO Elon Musk has "impeccably" challenged traditional automakers and original equipment manufacturers (OEMs), calling Musk's tactics "unreasonable and successful."

"They're blazing the way... the path for so many other companies to follow them, with compelling products produced for a fraction of the cost with a supply chain that that Tesla actually has to go out and develop," Irwin says, adding the caveat that despite all this success, he just doesn't see Tesla as a "compelling long-term investment."

Musk has voiced his support for former President Trump's 2024 re-election bid, a decision that has left investors unsure if a second Trump presidency will provide a suitable growth environment for the electric vehicle company. Since his formal nomination at last week's Republican National Convention (RNC), Trump has communicated plans to strike down the Biden administration's EV policies and tax credit incentives if reelected.

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This post was written by Luke Carberry Mogan.