An anti-bribery law whose enforcement President Donald Trump suspended has been used by the Department of Justice to win settlements totaling more than $1.5 billion from companies whose customers include Tesla. The electric vehicle giant is run by Elon Musk, the billionaire who Trump has tasked to run DOGE, an effort to slash federal government spending, regulations and worker headcount.
Tesla (TSLA) shares rebounded today after a five-day slide. Nancy Tengler, CEO and chief investment officer at Laffer Tengler Investments, joins Catalysts hosts Madison Mills and Seana Smith to discuss the outlook for the company.
Facing pressures from Chinese EV makers, rising competition in autonomous driving and DOGE distractions from its CEO, Tesla (TSLA) shares have had a volatile ride in 2025. But on Wednesday, shares of Elon Musk's EV company bucked the overall market trend.
Tesla's recent price drop, triggered by Elon Musk's bid for OpenAI, presents a potential buying opportunity. While concerns about Musk's focus and the OpenAI situation exist, they appear overblown.
TSLA is at a 3-month low. It's not an ideal exit point, but not the right time to buy either.
Key Takeaways
Amazon (AMZN) is one of the "Magnificent 7" components managing to cling to gains this year, eclipsed only by Meta (META). The rest of the closely followed group is down, led by a plunge in Tesla (TSLA).
Tesla's (NASDAQ: TSLA) stock price has experienced one of its worst losing streaks in recent months as the company struggles with growing competition and concerns about CEO Elon Musk's commitment to the firm.
Benchmark initiates coverage of Tesla with a buy rating and $475 price target.
As per an investigation by the Associated Press (AP), Tesla has won a defamation lawsuit against one individual called Zhang Yazhou, who in February 2021 was a passenger in a Tesla Model 3 car that allegedly crashed due to faulty brakes, resulting in a four-day hospital stay for both her parents.
For most of 2024, Tesla (NASDAQ: TSLA) was not doing particularly well. Tesla stock spent the first half of the year trading sideways, and subsequently struggled to break through the $250 mark in a sustained manner.
Investors are looking for a catalyst to break its five-day losing streak. Seller exhaustion could do it soon.