Tesla Inc (NASDAQ:TSLA) shares rose in early trading on Thursday after CEO Elon Musk's formal departure from the Trump White House. The move marks a “clear positive” for the electric vehicle maker, according to Webush's Dan Ives, and signals renewed focus on its autonomous and robotics ambitions.
Investors cited declining sales, reputational damage and Musk's growing list of outside ventures -- including a now-concluded stint at DOGE.
Tesla's stock is rallying as investors cheer a return of Elon Musk as a full-time CEO, and is fast approaching a key chart level that if cleared could target a return to record levels.
In the closing of the recent trading day, Tesla (TSLA) stood at $356.90, denoting a -1.65% change from the preceding trading day.
A group of pension fund leaders with long-term investments in Tesla want the company's board to require Elon Musk to work at least 40 hours per week at the electric vehicle maker. Tesla is facing a "crisis" due in part to Musk's "absence" and a board that appears "unwilling to act in the best interest of all Tesla shareholders," they wrote.
Joby Aviation, Inc.'s recent 20% rally is driven by a $250M investment from Toyota, strengthening its financial position and manufacturing capabilities. Despite no current revenues and ongoing losses, Joby is well-capitalized and progressing toward FAA certification and commercial milestones. The eVTOL and urban air mobility markets have significant growth potential, but regulatory hurdles and competition remain key risks.
Tesla stock has “positive short-term momentum” says Fairlead Strategies technical market analyst Will Tamplin.
Tesla (NASDAQ: TSLA) is experiencing notable insider trading activity, as two high-profile company insiders have filed notices for significant stock transactions.
Shares of Tesla Inc. NASDAQ: TSLA opened just over $350 on Tuesday and started up after the long Memorial Day weekend with some seriously strong momentum.
Tesla plans to launch a "pilot" robotaxi service in Austin in June. That doesn't mean we'll see the two-door Cybercabs on the roads this summer.
Tesla sales in Europe and the U.K. have fallen by nearly half, according to data released Tuesday by the European Automobile Manufacturers Association. In April, Tesla sold 7,261 vehicles in the European Union, European Free Trade Association, and U.K., a 49% year-over-year decline.
U.S. equities jumped at midday after President Donald Trump said he would delay new tariffs on European Union imports for 90 days. The Nasdaq added 2%, and the Dow Jones Industrial Average and S&P 500 were up more than 1%.