Tesla (TSLA) is down 50% since hitting its all-time high in December. Now, CEO Elon Musk has pledged to double U.S. production, giving a boost to its stock this morning.
Automobile manufacturers found themselves atop the headlines following President Donald Trump‘s announcement of tariffs against Canada and Mexico. How does the industry stack up following Trump's temporary postponement of tariffs?
I rate Tesla stock as a buy due to its oversold status, long-term potential with robotaxis and humanoid robots, and favorable options market opportunities. Despite recent large sales declines, these can be partially attributed to supply issues, not just brand deterioration or competition, and should recover soon. Tesla's advanced autonomous technology and cost advantages in robotaxis and Optimus robots present significant long-term growth opportunities, potentially outweighing current political and operational risks.
TSLA CLIMBS OVER 14 POINTS AFTER ALERT
Tesla (TSLA) was a big mover last session on higher-than-average trading volume. The latest trend in earnings estimate revisions might not help the stock continue moving higher in the near term.
James Peng, co-founder and CEO of Pony.ai, said he hasn't seen any large-scale testing of robo-taxis by Tesla. Alphabet's Waymo is ahead in US robo-taxi trials, he added.
The company's CEO and the president talked up its electric vehicles at a news conference outside the White House.
Tesla Inc (NASDAQ:TSLA) sales in Australia have dropped 35% in the four months since Donald Trump's election, according to the country's Electric Vehicle Council. The decline follows a global sales slump and growing backlash against Elon Musk's ties to Trump and far-right groups.
When Australian Dick Friend bought a Tesla in 2015, he was so impressed with its environmental credentials and performance that he and his wife bought two more of the electric vehicles, plus shares in the Elon Musk-led company.
Yahoo Finance anchors Julie Hyman and Josh Lipton discuss stocks rebounding ahead of the closing bell, Trump raising tariffs on Canadian steel and aluminum, what to expect from tomorrow's CPI report, how Trump's tariffs impact the economy, plus Tesla stock rebounds. #Trump #Tesla #youtube About Yahoo Finance: Yahoo Finance provides free stock ticker data, up-to-date news, portfolio management resources, comprehensive market data, advanced tools, and more information to help you manage your financial life.
Donald Trump has bought a Tesla in support of the car company he calls "Elon's baby".
Yahoo Finance's Madison Mills reports on the market catalysts to watch, including stocks mixed after Monday's big sell-off, opportunities for investors, and Tesla stock rising after a record drop. #Tesla #youtube #stocks About Yahoo Finance: Yahoo Finance provides free stock ticker data, up-to-date news, portfolio management resources, comprehensive market data, advanced tools, and more information to help you manage your financial life.