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.
Over the past year, EV-pioneer Tesla ( TSLA ) has got the proverbial “kitchen sink” thrown at it with a plethora of reputational issues and controversies, soft car sales, tariff impacts, and missed deadlines. Some of the problems that the Zacks Rank #5 (Strong Sell) stock has faced include:
TSLA unveils updated Model S and X with modest upgrades and $5,000 price hikes amid rising competition.
Tesla (TSLA) has been one of the stocks most watched by Zacks.com users lately. So, it is worth exploring what lies ahead for the stock.
Tesla rebounded 14% last week after Musk???s apology and robotaxi buzz, lifting ETFs like TESL and TSLW sharply higher.
A stock trading analyst has suggested that Tesla stock (NASDAQ: TSLA) will likely reach a base-case target of $500 later this year, citing strong technical signals.