Tesla has built its 10 millionth electric vehicle, according to a social media post by the company early on Thursday. The milestone comes six years after the company built its one millionth vehicle.
Tesla, Inc. remains a hold despite a 27% correction, as extended capex commitments signal a multi-year build phase and near-term cash flow pressures. SpaceX, aka Space Exploration Technologies Corp., is favored for starter buy positions pre-Q2, offering concentrated autonomy and AI exposure, thematic purity, and a compelling narrative-driven growth path. TSLA's financials are pressured by capex and operational weakness, while SpaceX's valuation hinges on achieving ~$39B in 2026 revenue and sustaining its innovation narrative.
Tesla is having a July to forget, and Cathie Wood is taking the other side of the trade.
Tesla (NASDAQ:TSLA | TSLA Price Prediction) currently trades at $309.22 against a consensus analyst price target of $401.07, but Wedbush's Dan Ives issued a $600 call that implies roughly 94% upside from here.
At $309.22, Tesla (NASDAQ:TSLA | TSLA Price Prediction) screens as fairly valued with a neutral risk/reward.
Tesla, Inc. reported record Q2 deliveries and revenue, but margins collapsed and free cash flow turned negative for the first time in two years. TSLA plans over $25 billion in CapEx this year and is pursuing up to $30 billion in debt capacity, signaling a major shift in funding strategy. Competitive pressures are intensifying in Europe, China, and the U.S., while recent demand was likely boosted by temporary geopolitical factors.
The world's richest man has been losing money at a historic clip. Over roughly the past month, Elon Musk's net worth has fallen by an average of $16.3 billion a day, according to a Benzinga tally.
In a new interview with The Economist's Zanny Minton Beddoes, filmed at the Tesla (NASDAQ:TSLA | TSLA Price Prediction) Gigafactory in Texas, Elon Musk offered a prescription for the American economy that would have been unrecognizable coming from him a year ago.
Tesla (NASDAQ:TSLA | TSLA Price Prediction) just had its worst earnings reaction of the year.
After suffering a protracted downturn that started in May and an 18.40% collapse to $309.22 since July 21, Tesla (NASDAQ: TSLA) stock might finally be poised for recovery on the morning of Tuesday, July 28.
Cathie Wood's ARK Invest is doubling down on both Tesla and SpaceX as shares of Elon Musk's trillion-dollar companies slide.
Tesla (NASDAQ: TSLA) investors betting on a future SpaceX (NASDAQ: SPCX) acquisition as a catalyst for the electric vehicle maker are relying on the “Greater Fool Theory,” according to investment manager Gary Black.