Steve Westly says Tesla (TSLA) has "a lot of catching up to do" on the autonomous front, saying companies like BYD Co. (BYDDY) and Waymo are already far ahead. Hatem Dhiab agrees, noting that Elon Musk will need to execute his vision for the company's future fast to stay in the race.
Tech companies sell the future, and few do so more determinedly than Tesla.
Tesla Inc TSLA analysts highlighted a confirmation of the low-cost vehicle in 2025, unsupervised FSD and updates on Optimus Bot as the key takeaways from the company's fourth-quarter financial results.
Several things negated the Tesla Inc. (NASDAQ: TSLA) stock price drop that might have happened because of the electric vehicle (EV) maker's mediocre earnings report.
I reiterate a Strong Buy rating for Tesla, Inc. stock with a one-year target price of $460 per share, driven by its future growth prospects. Despite a decline in the automotive business, Tesla's energy storage, FSD V13, and robotics are key growth drivers. Tesla's energy storage business grew by 67.1% in FY24 and is expected to grow by 50% annually due to massive market demands.
Nishit Midlani says profit margins in the global auto sector are under pressure, and Tesla (TSLA) is no exception. He believes costs to build vehicles will continue to face pressure even if its assembly line shows more efficiency.
Through the biggest major technology stocks in New York: Tesla, Microsoft, and Meta are reacting to earnings calls overnight, which came in after the bell on Wednesday.
Electric vehicle manufacturer Tesla (TSLA -2.26%) reported fourth-quarter and full-year 2024 earnings on Wednesday, Jan. 29, that missed analysts consensus expectations. Tesla reported adjusted earnings per share (EPS) of $0.73 which missed forecasts for $0.77.
Tesla Inc (NASDAQ: TSLA) attributed a significant increase in its quarterly net earnings last night to its bitcoin holdings. The company recorded $1.08 billion as the carrying value of its bitcoin holdings in its fourth-quarter release – up sharply from $184 million at the end of Q3.
Tesla Is Officially A Shrinking Company
Tesla, Inc. reported fourth-quarter earnings after the close Wednesday. Revenue continues to stagnate as margins decline due to weakness in the automotive division. Fundamentals are only so relevant when it comes to TSLA stock, but long-term investors should stay away.
The E.V. giant said it delivered close to 463,000 vehicles between July and September and produced nearly 470,000. Investors weren't too impressed by Tesla's (TSLA) numbers.