During my usual Sunday evening market scan, two names jumped off the screen as standout opportunities for the week ahead: Meta Platforms ( META ) and Tesla ( TSLA ). These are two of the largest, most closely watched names in the market, and right now they both appear to be on the verge of significant technical breakouts.
Elon Musk confirmed over the weekend reports that Tesla has disbanded the team working on its Dojo AI training supercomputer, just weeks after announcing he expected to have Tesla's second cluster operating “at scale” in 2026.
Fundstrat market technician sees Tesla stock testing $368 if shares can close above $338 in the coming days.
Arizona's Department of Transportation is currently reviewing Tesla's (NASDAQ: TSLA) application to operate autonomous vehicles both with and without a driver, with a decision now expected by the end of August.
Tesla Inc (NASDAQ:TSLA) has applied for a licence with the UK energy regulator Ofgem to supply electricity to homes and businesses across England, Scotland and Wales, potentially entering the country's energy market next year. If approved, Tesla would compete with established energy suppliers.
Tesla has formally submitted a request for an electricity license to the British energy regulator Ofgem. If approved, the move could pave the way for Elon Musk's company to compete with the big firms that dominate the U.K. energy market.
Tesla Robotaxi has been operating a limited ride-hailing service in Austin since June. A new Texas state law requires companies to get a permit to operate driverless vehicles.
Shares of auto-giant Tesla Inc NASDAQ: TSLA popped more than 3.5% on Aug. 6, snapping a mini losing streak and reigniting hopes that a bullish breakout is just around the corner. The stock has continued to trade within a tightening pennant pattern for the past few weeks.
Tesla (TSLA) has received quite a bit of attention from Zacks.com users lately. Therefore, it is wise to be aware of the facts that can impact the stock's prospects.
Tesla Inc (NASDAQ:TSLA) has disbanded its Dojo supercomputer team, with the team leader Peter Bannon departing the company, according to a Bloomberg report. The remaining Dojo team members are reportedly being reassigned to other data center and computing projects within Tesla.
With the US EV tax credit ending soon and global deliveries declining, I believe Tesla faces a double hit to both consumer demand and regulatory credit revenue. That said, I do see Q3 as a relatively decent quarter, with US sales likely frontloaded as buyers rush to secure the expiring tax credit. From Q4 onwards, Tesla's future ventures won't offset core EV weakness in the near term; robotaxi and FSD progress are limited, and the Optimus humanoid is years from mass rollout.
Tesla is breaking up the team behind its Dojo supercomputer, ending the automaker's play at developing in-house chips for driverless technology, according to Bloomberg.