The U.S. Congress might not be the place you want to look for guidance on anything financial-related. After all, the national debt is over $36.7 trillion and growing, and every penny of the money spent by the federal government had to be approved by Congress.
Tesla stock jumped following the company's Q1 earnings call as Elon Musk promised to focus more on Tesla and step away mostly from DOGE. Yahoo Finance speaks to experts about the company's outlook, China market, new product line, autonomous driving, and AI.
Earnings season is underway. Between President Trump's tariffs and uncertainty about the US economy, what company executives are saying is more important than ever.
Here are some of the major companies whose stocks moved on the week's news.
Tesla Inc (NASDAQ:TSLA) shares surged after the US Department of Transportation (DOT) announced a new regulatory framework for self-driving vehicles. The updated rules, unveiled by Transportation Secretary Sean Duffy, are designed to prioritize safety, encourage innovation, and enable the commercial deployment of autonomous vehicles (AVs).
Tesla, Inc.'s stock surged 14% post-earnings despite poor financial results, driven by CEO Elon Musk refocusing on Tesla after his stint at DOGE. The company faces significant challenges, including declining sales, competitive pressures, and trade policy impacts, but improved cash flow offers a silver lining. Tesla's valuation hinges on the success of its Energy Storage business and future robotics and robotaxi ventures, making it a highly speculative buy.
Tesla has said its robotaxi launch in Austin, Texas, will take place in June. The company has about 300 test operators and has worked to built up "critical miles.
The Transportation Department announced a national framework for autonomous vehicles, a step closer to putting more self-driving cars on U.S. roads.
Tesla (TSLA 3.29%) and Nvidia (NVDA 3.56%) are the two of the most highly traded and widely discussed stocks on the market. Dan Ives at Wedbush recently said they were two of the "best disruptive technology companies in the world.
Tesla (TSLA 3.29%) underwhelmed investors with its first-quarter results. Analysts already were aware that deliveries to start 2025 were 13% lower year over year.
Some Tesla investors have expressed concerns that Elon Musk is too distracted by government work. The Tesla CEO said on Tuesday that he'll step back from his role in the White House in May.
Kristin Hull, head of Nia Impact Capital, says she is concerned about Tesla's sales drop in Europe and California. The activist investor explains why she isn't bullish on Tesla despite Elon Musk's plans to refocus on the company.