China's EV race is heating up again, and not even Tesla's biggest rival is safe. BYD has seen sales and profits drop as it battles a new wave of competition.
Tesla (TSLA) stock is usually evaluated through the prism of electric vehicles (EVs), and rightfully so. After all, Elon Musk's company is the largest domestic EV manufacturer and one of the largest makers of those vehicles in the world.
Mr. Musk's supporters say he may quit if shareholders don't approve a trillion-dollar package. Some investors say it's excessive and would give him too much sway.
Will he get it, is he worth it, and is it good governance are three questions Tesla investors will wrestle with this week.
South Korea's Samsung SDI has reached an agreement with Tesla to supply more than 3 trillion won ($2.11 billion) worth of ESS (Energy Storage System) batteries to Tesla over three years, the Korea Economic Daily reported on Monday.
Tesla plans to ramp up EV and Cybercab production in 2026, along with capital spending. Elon Musk is doubling down on autonomous driving and preparing for future growth.
The market no longer considers Tesla an automaker. Robotaxis will drive Tesla's valuation moving forward.
Sales of all-electric cars in China were strong in October, but there were signs of weakness for investors to note.
Tesla has a market cap of $1.5 trillion and an extremely high earnings ratio. Visa and Netflix are consistent earnings growers compared to Tesla's cyclicality.
Tesla posted its first quarter of sales growth this year, but its earnings still fell. Energy storage shined, with sales up nearly 50%.
Musk's $1T performance award aligns execution with autonomy-scale operational milestones, institutionalizing incentive integrity for Tesla's most ambitious phase of value creation. Tesla trades in ultra-premium territory; valuation detachment reflects markets pre-pricing Musk's long-duration autonomy, AI, and energy convergence thesis rather than near-term fundamentals. Despite governance friction and proxy volatility, Tesla's strategic direction, technical uptrend, and Musk's operational record sustain a structurally bullish, conviction-grade long-term positioning.
I expect major tech stocks to bounce on Friday, with Tesla, Palantir, and Super Micro Computer showing bullish setups. Despite short-term noise and resistance levels, dips continue to look like buying opportunities in these strongly up trending markets.