Just when you thought the AI data center boom couldn't get any crazier, Meta has gone and built data centers in tents. The strategy appears to borrow in equal parts from Tesla and xAI.
Tesla (TSLA) shares edged lower on Thursday as investors weighed incremental progress in the company's autonomous driving efforts against broader weakness across technology stocks. Shares of the electric vehicle maker fell 1.04% in early trading, underperforming a broader market decline that saw the S&P 500 slip 0.2%.
Tesla (NASDAQ:TSLA | TSLA Price Prediction) at $423.70 looks expensive, because the price embeds AI and robotics promises the business has not yet delivered.
Tesla is upgraded to a speculative buy, driven by potential post-SpaceX IPO merger catalysts rather than fundamentals. A TSLA-SpaceX merger could unlock Starlink-powered autonomous vehicles, new subscription revenues, and enhanced data-sharing capabilities. Despite weak recent EPS and tepid growth, TSLA's robust net cash balance sheet distinguishes it from traditional automakers.
TSLA's FSD Supervised gains approval in Estonia, its third EU market, as mutual-recognition rules help speed the driver-assist rollout.
TSLA's Europe registrations are rebounding fast, but the stock's case still hinges on robotaxis, AI and Optimus as capex rises.
Tesla delivered 85,982 new energy vehicle units from its Shanghai Gigafactory in May. 1.36 million passenger EVs were sold across China's domestic EV manufacturers in May, up 12% year-on-year.
Tesla (TSLA) shares rose 1.6% on Tuesday to $422.57, rebounding after two consecutive sessions of declines as investors welcomed stronger vehicle sales data from China and signs of continued recovery across several European markets. The gain followed a difficult start to the week for the electric vehicle maker.
TSLA's European rebound accelerates in May as registrations surge across key markets, led by record France sales and strong Model Y demand.
A federal jury in Los Angeles found Left, 55, guilty on one securities-fraud scheme count and 12 securities-fraud counts.
Recently, Zacks.com users have been paying close attention to Tesla (TSLA). This makes it worthwhile to examine what the stock has in store.
Tesla (NASDAQ: TSLA) stock could rally to $520 in late August, according to a technical analysis based on the company's long-term chart structure.