Tesla (NASDAQ: TSLA) is surging in pre-market hours on June 20, up 1.18% to $325.85, well above Barclays' freshly reiterated $275 price target.
Tesla stock has been about robotaxis for months. The service is set to start in just a couple of days.
Tesla's first China grid-scale battery storage station using its megapack batteries will be located in Shanghai, local media Yicai reported on Friday.
The global economy is quietly entering a new industrial age, one built not on smoke-belching chimneys or assembly-line steel, but on the humming precision of robots, and the hard-to-source elements that power them. According to UBS, we're standing on the brink of a sweeping technological shift that could dramatically change how economies produce, compete and consume.
Democratic lawmakers in Texas are calling for the EV maker to delay its robotaxi launch until September.
A group of Democratic Texas lawmakers has asked Tesla to delay its much-anticipated robotaxi launch in Austin until September, when a new autonomous-driving law is scheduled to take effect.
Tesla (TSLA) reached $321.99 at the closing of the latest trading day, reflecting a +1.78% change compared to its last close.
After an eye-watering recovery rally that saw it gain close to 70% in just a few weeks, Tesla Inc NASDAQ: TSLA is once again making its investors nervous. With CEO Elon Musk indicating towards the end of May that he was stepping back from White House duties to focus on the company, you'd be forgiven for thinking one of the major headwinds had been removed.
Robotaxis are finally here, and the competition is heating up. Waymo has expanded service in multiple U.S. cities.
Tesla Inc (NASDAQ:TSLA) shares closed almost 4% lower on Tuesday after it was reported the electric vehicle maker will be pausing production of its Cybertruck and Model Y vehicles for a week starting June 30. The pause is intended to allow Tesla to perform maintenance and improvements on the production lines, according to a Business Insider report.
Tesla's slowing growth and Rivian's high cash burn reveal the EV sector's growing pains, with each stock facing tough tradeoffs.
Tesla stock is always controversial on Wall Street. The coming robotaxi launch is keeping it that way.