Electric vehicle (EV) demand is expected to plunge as President-elect Donald Trump has indicated he plans to cut EV tax credits during his second term in the White House. Yahoo Finance's Akiko Fujita joins Wealth!
Tesla is straining to meet Elon Musk's goal of full-year delivery growth. It's pulling a number of demand levers.
Billionaire Ken Griffin Increased His Position in Tesla Stock By 395%. Should You Buy Tesla During Its Post-Election Surge?
Nvidia released its third quarter earnings release, with revenue and earnings beating Wall Street expectations. The chipmaker's results close out the "Magnificent Seven" third quarter earnings, as Tesla (TSLA), Microsoft (MSFT), Meta (META), Alphabet (GOOG, GOOGL), Amazon (AMZN), and Apple (AAPL) have already released results for the quarter.
After a lackluster start for the first half of the year, it's been a welcoming contrast in the second half for Tesla's stock. The ever-changing regulatory landscape for the electric vehicle (EV) industry could provide further tailwinds if they blow in Tesla's favor and the whole EV industry.
Tesla, Inc. remains a Buy despite its high valuation due to long-term growth potential, especially with expected regulatory easing under a Republican trifecta accelerating autonomous vehicle approval. The impending Trump administration and GOP-controlled Congress are likely to loosen regulations, benefiting Tesla's autonomous taxi plans (Cybercab), which could become a trillion-dollar opportunity. Tesla could reach a $3.5T enterprise value by 2029 with a 28.2% CAGR and 44% margin of safety; conservatively, it offers over 15% CAGR and a 10% margin of safety.
Shares of the electric-vehicle maker have moved an average of 6%, up or down, each day since the Nov. 5 election.
24/7 Wall St. Insights The Tesla Inc. (NASDAQ: TSLA) chair of the board of directors has sold about $35 million worth of the stock.
Though it might have spent most of 2024 in the red, pioneering EV maker Tesla (NASDAQ: TSLA) is having a very promising fourth quarter thus far.
Tesla, Inc. has surged post-election due to hype from CEO Elon Musk working directly with President-elect Donald Trump. The Trump administration may end the $7,500 EV tax credit, making traditional ICE vehicles more attractive and hurting Tesla's competitiveness. Federal self-driving regulations could benefit Tesla, but slow legislative processes and Waymo's market lead pose significant challenges.
The cocktail of Trump's pro-innovation policies and Musk's technological foresight creates a potent recipe for TSLA's growth.
Tesla shares gained on Monday on talks that Donald Trump may ease regulations for self-driving cars. The news weighed on Uber and Lyft stocks.