Tesla's new electric Semi was involved in a crash earlier this week that killed two people, the first known fatal accident involving the carmaker's newest model, which just went into regular production this year.
Tesla (NASDAQ: TSLA | TSLA Price Prediction) and Rivian (NASDAQ: RIVN) both posted
Tesla stock (TSLA) rose on Wednesday as investors positioned ahead of the electric-vehicle maker's closely watched second-quarter delivery report, with improving European sales data helping support sentiment despite broader weakness across technology stocks. Shares of Tesla gained in early trading even as much of the technology sector moved lower.
Tesla (TSLA) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.
Tesla is once again the ticker every headline is chasing, riding a 10.22% one-week rip on robotaxi buzz and Optimus promises.
Michael Burry is betting against Tesla, Caterpillar, and an array of chip stocks. Burry said the leading chip index was overvalued, and he was "shocked" to be short Caterpillar.
Shares of Tesla (NASDAQ:TSLA | TSLA Price Prediction) have been picking up in recent sessions, now close to 13% in just three sessions.
While shareholders might have welcomed Tesla (NASDAQ: TSLA) stock's weekly 11% climb to $420.60, the climb is merely a temporary move ahead of a continued decline in the long run, at least judging by ‘Big Short' Michael Burry's latest market bet.
The latest trading day saw Tesla (TSLA) settling at $420.6, representing a +2.13% change from its previous close.
After a strong start to the week, could Tesla's stock be on its way to staging a broader recovery?
Tesla has begun testing a production version of its Cybercab that has two seats, but no steering wheel or pedals, in Austin, Texas. For now, the testing is being done with a safety monitor in the right passenger seat, according to a video posted on X, the social media platform owned by the electric car maker's CEO Elon Musk.
Our 24/7 Wall St. price target for Tesla (NASDAQ:TSLA | TSLA Price Prediction) is $416.37, modestly above where the stock trades today.