Today, it's incredibly hard to be an electric vehicle (EV) maker if you're not Tesla (NASDAQ:TSLA).
Investors can leverage several different methods to determine long-term price targets. Using these methods on Tesla, the stock is amid a historical breakout that can send shares to $1,000 or more.
Tesla Inc. TSLA has seen its stock rocket 76% since Nov. 5, coinciding with Donald Trump‘s presidential election victory. While the rally marks a triumphant rebound, driven partly by CEO Elon Musk's political connections and Tesla's tech-forward advances, the stock's technical indicators hint at potential turbulence ahead.
Dan Ives, global head of technology at Wedbush Securities, and Gene Munster, Deepwater Asset Management co-founder and managing partner, discuss the untapped value of Elon Musk's Tesla and explain why they see advances at the electric vehicle giant potentially surpassing the likes of other tech powerhouses such as Apple and Nvidia. Dan and Gene speak with Tom Keene and Paul Sweeney on Bloomberg Radio.
Tesla, Inc.'s Q3 2024 performance exceeded expectations with significant growth in vehicle deliveries, regulatory credit revenues, and reduced COGS, driving a 22% stock increase. CEO Elon Musk's influence in the incoming administration and co-heading the Department of Government Efficiency is expected to favor Tesla in tariffs, credits, and regulations. Tesla's dominance in the green transition, improved manufacturing efficiency, and its Robotaxi make it well-poised for future growth despite existing risks.
Wood scooped up shares of Archer Aviation. The stock has doubled in the past month.
Cathie Wood loads up on drone maker Archer Aviation amid price hikes, defense partnership. Ark Invest offloaded some Tesla stock.
[00:00:00] Douglas McIntyre: Donald Trump is good for Tesla.
Dan Flax, Neuberger Berman senior research analyst, joins 'Squawk Box' to discuss Tesla's surging shares, the company's self-driving ambitions, and more.
The Trump transition team wants the incoming administration to drop a car-crash reporting requirement opposed by Elon Musk's Tesla , according to a document seen by Reuters, a move that could cripple the government's ability to investigate and regulate the safety of vehicles with automated-driving systems.
SELDEN, NY — Three drivers were injured in a three-vehicle crash Wednesday morning on Middle Country Road in Selden, Suffolk police said. All three were taken to an area hospital for treatment of non-life-threatening injuries, according to police. The crash happened near Park Hill Drive at around 8:14 a.m. when the driver of a 2024 Tesla tried to make a left-hand turn out of a parking lot and the vehicle collided with a 2023 Jeep and a 2022 BMW that were traveling eastbound on Middle Country Road, police said. Part of the roadway was closed down while police cleared the scene, and traffic was detoured to Marshall Drive. Further details were not available.
Tesla stock looked set to rebound Friday after falling back from all-time highs in the previous session.