Tesla (TSLA) reached $378.03 at the closing of the latest trading day, reflecting a -1.22% change compared to its last close.
It stemmed from a complaint that the self-driving taxis have been caught speeding through active school zones in at least four incidents, including video footage as evidence, according to auto regulators.
Tesla's Cybercab fleet has surged past 300 units, but regulatory scrutiny, falling profits and lofty valuation raise questions about its investment thesis.
Jefferies has raised its price target for Tesla Inc (NASDAQ:TSLA), the electric carmaker, to $400 from $350, as resilient vehicle deliveries and improving prospects for non-automotive businesses offset concerns over rising investment and operating costs. Analyst Philippe Houchois maintained a 'hold' rating, with the revised target implying 5% upside from Tesla's closing price of $382.70 cited in the 12 October research note.
TSLA's China-made EV sales rose 5% in September, extending its growth streak to 11 months as overseas shipments and price incentives help counter intensifying competition.
What was once Full Self-Driving is now Tesla Assisted Driving in Europe. Why that matters for the stock.
Multiple factors are influencing Tesla's margins, both positively and negatively. Long-term margin improvement may depend on production scale and new technologies.
Tesla stock TSLA rose on Friday as investors assessed Elon Musk's plans for a major semiconductor project, improving sales of China-made vehicles and analysts' expectations for the company's artificial intelligence ambitions. Shares of the electric-vehicle maker gained 2.24% in the session.
Tesla changed the brand name for its "Full Self-Driving (Supervised)," or FSD, systems to "Assisted Driving" in Europe under pressure from German regulators. Elon Musk's automaker markets the system for $99 per month under its old brand name in the U.S.
Tesla has changed the name of its advanced driver assistance system in Europe after pushback from Germany's transportation ministry. It's now called “Tesla Assisted Driving,” instead of “Full Self-Driving (Supervised).
A rebrand of Tesla‘s (NASDAQ:TSLA | TSLA Price Prediction) driver-assistance software in Europe is setting the company apart from the rest of the electric vehicle group. Tesla stock is up 3% to $385.
Tesla is spending at a pace it has never attempted before, and earnings are falling while the bills pile up.