Dan Ives, senior equity research analyst at Wedbush, expects tech stocks to be up 25% in 2025 as he sees a goldilocks foundation for big tech and Tesla. He speaks on “Bloomberg Surveillance.
Artificial intelligence (AI) has been one of the biggest themes on Wall Street for several quarters. Stocks like Nvidia made many fortunes for investors, thanks to the booming demand for AI-related applications and hardware.
The majority of EV maker's market cap rides on hope for robotaxis, robots and AI, but the stock is now at a sharp premium even compared with other tech titans.
Tesla stock dropped more than 6% to start a new year of trading after the company reported weaker-than-expected fourth quarter delivery figures.
The S&P 500 soared by about 25% in 2024, but investors decided to pump the brakes on many of their electric-vehicle (EV) investments during the year. An outlier among its peers, Tesla (NASDAQ: TSLA) saw its stock accelerate by about 73%; however, other prominent EV names were left in the dust as they plunged considerably.
The CNN Money Fear and Greed index showed an increase in the overall fear level, while the index remained in the “Fear” zone on Thursday.
Tesla annual sales declined for the first time in over a decade. The US EV giant sold 1.79 million cars in 2024, a 1% drop from the 1.81 million sold in 2023.
David Dietze, chief investment strategist at Dietze Wealth Management Group, says that Tesla faces 'fundamental issues' that the company and Elon Musk have yet to address.
Tesla 's electric vehicle sales in the world's largest auto market increased in December by 12.8% from a month earlier to a record high of 83,000 units, according to Tesla China.
Goldman Sachs keeps a Neutral rating and $345 price target on Tesla after the company's Q4 production and delivery data. Deliveries of about 496K in Q4 came in below consensus, which was roughly in the 500K-510K range, with weakness in Europe offset by growth in China, where deliveries were up mid to high teens, the analyst tells investors in a research note. The firm is also reducing its FY25 EPS view to $2.80 from $2.85 while cutting its 2025 deliveries estimate to 2.01M from 2.03M cars but notes that Tesla's longer-term growth should be stronger driven in part by a growing software and services business.
Solar stocks rallied Thursday after Tesla (TSLA) said it deployed a record amount of energy storage products during the fourth quarter.
Tesla (TSLA) reported fourth quarter deliveries of 495,570, falling short of Wall Street expectations and marking its first decline in annual deliveries in nearly a decade. William Blair Group head of energy and sustainability research Jed Dorsheimer joins Market Domination to analyze the company's figures.