Tesla's (NASDAQ: TSLA) stock outlook has been updated following the approval of CEO Elon Musk's massive $1 trillion pay package.
Tesla, Inc. remains a Strong Buy for the intermediate and long term, supported by robust sales, margin resilience, and global expansion. TSLA delivered a record quarter with a significant sales beat, 18% gross margin, and growing non-automotive revenue streams like energy, FSD potential, and future AI prospects. Despite potential near-term volatility and a possible 15-20% pullback, TSLA's premium valuation is justified by its tech-driven growth prospects.
Tesla is launching a short-term rental program out of its stores as inventories swell across the country.
Talking about Tesla's auto sales just a few days after a $1 trillion vote might seem odd—but while they might not be the most interesting thing about the company these days, they still matter.
While TSLA's scale offers stability, QS' technology could be the spark that powers the industry's next leap forward.
After soaring in 2023 and 2024, shares of Tesla (NASDAQ:TSLA) were battered throughout Q1 but performed marginally better in Q2.
Tesla is getting into the rental car market.
Tesla shareholders approved Elon Musk's trillion-dollar pay package linked to ambitious milestones—including an $8.5 trillion market cap, 20 million vehicles delivered, and 1 million robots deployed. Bulls see the move as promising; even if the targets are difficult, they are confident Musk can ensure Tesla remains a leading company in the AI revolution. TSLA's huge long-term upside earnings growth potential comes at a high price, and a poor Valuation Grade has kept the stock at a Hold quant rating.
Tesla CE Elon Musk received less support for his trillion-dollar pay package than he did for an earlier pay plan in 2018. Setting aside holdings owned by Tesla board members and executives, about 66% of shares tabulated in the vote were in favor of the package, according to a filing on Friday.
Tesla shareholders just overwhelmingly backed CEO Elon Musk's unprecedented pay package that could be worth $1 trillion over a decade, but engineers running the company's main vehicle programs, for its top-selling Model Y, Model 3 and the controversial Cybertruck, aren't sticking around to see how things turn out.
Tesla board chair Robyn Denholm thanked the electric-vehicle maker's shareholders on Monday for approving CEO Elon Musk's $878 billion pay package.
Tesla's best-selling Model Y's program manager, Emmanuel Lamacchia, announced his departure on Sunday after nearly eight years, marking another high-profile exit from Elon Musk's electric vehicle company.