Investors have lost some of their fascination with Tesla's car business, but selling lots of EVs is critical to funding Elon Musk's more futuristic ambitions.
The Elon Musk-run company is chasing a weekly gain Friday.
In the latest trading session, Tesla (TSLA) closed at $372.11, marking a -3.59% move from the previous day.
Higher EV prices and borrowing costs may be turning prospective buyers away.
Elon Musk's lawyers have asked Delaware Chancery Court's top judge to recuse herself from a case. They say she hearted a LinkedIn post criticizing him.
Tesla Inc (NASDAQ:TSLA)'s reported plans to build advanced semiconductor facilities with SpaceX (Unlisted (US):SPACEX) mark a significant step toward addressing what Wedbush analysts see as the “largest bottleneck” in the company's artificial intelligence (AI) ambitions. The project involves two chip fabrication plants in Austin, Texas, under a broader “Terafab” initiative aimed at scaling production for Tesla's vehicles, Optimus humanoid robots, and space-based AI infrastructure.
Tesla (NASDAQ: TSLA) has received a fresh vote of confidence from Wall Street, with Wedbush reiterating its bullish stance on the stock.
Elon Musk's electric-vehicle maker reported sales growth in the region last month, for the first time in over a year.
Shares of Tesla rose around 1.6% to $387.85 in early trading Tuesday, building on gains from the previous session even as broader markets showed signs of weakness. The S&P 500 and Nasdaq were both down in the red, highlighting Tesla's relative outperformance.
Amazon (NASDAQ:AMZN | AMZN Price Prediction) subsidiary Zoox is expanding its fully driverless robotaxi service to San Francisco and Las Vegas, according to a Reuters report today, putting it on a direct collision course with Tesla's autonomous vehicle ambitions in two high-profile markets.
What if Tesla (NASDAQ: TSLA | TSLA Price Prediction) is primarily a car company?
New-car registrations for Tesla models grew nearly 12% on year, its first increase in European monthly sales in more than a year.