It's no secret that Donald Trump admires Tesla CEO Elon Musk—and perhaps more importantly, values the votes Musk might bring from his passionate fan base. Musk, in turn, has reciprocated the sentiment and appears to hold significant influence with the Presidential candidate.
After a three-month delay, Tesla has sent out invitations for its Robotaxi event. Robotaxi is a core pillar of Tesla's autonomous driving plan.
As Tesla (NASDAQ: TSLA) stock dazzles the market, the equity might have more upside potential when reviewing its historical performance in the wake of the Federal Reserve's monetary policy.
Tesla proved to the EV market how to achieve massive growth. This small EV manufacturer has all the signs of becoming the next Tesla.
Steve Grasso, Grasso Global CEO; Tim Seymour, CIO at Seymour Asset Management; Julie Biel, chief market strategist at Kayne Anderson Rudnick; and Mike Khouw, chief strategist at OpenInterest.Pr, join 'Fast Money' to discuss Tesla as the electric car maker is expected to report Q3 deliveries next week.
Nike leads a quiet earnings calendar, but Tesla deliveries and a ream of economic news hint at another busy week for the rising stock market.
Tesla Inc (NASDAQ:TSLA) is expected to report solid third quarter vehicle delivery numbers next week above Street expectations, analysts at Wedbush believe. They see the automaker posting deliveries in the range of 465,000 to 470,000 above the Street's 462,000 unit bogey.
The robotaxi unveiling, earnings, and anticipated delivery growth are all on the line for Tesla (TSLA) in October. Gary Black, Managing Partner of the Future Fund, says the company needs to wow investors on all fronts for its stock to accelerate.
In a report released on Thursday, August 26, Gordon Johnson of GLJ research reiterated his long-standing ‘Sell' rating on Tesla (NASDAQ: TSLA), maintaining a low price target of just $24 set two months ago.
Tesla's stock has rebounded strongly from April to July 2024 but faces resistance at $271, leading to a downgraded “hold” rating. Q2 2024 earnings missed expectations due to a 7% drop in auto sales and a 45% decline in net income. Positive revenue growth in energy storage and carbon emission incentives are positives, but EV sales lag competitors, necessitating stabilization before a “buy” rating.
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Tesla is expected to reveal the Robotaxi prototype and give updates about its autonomous driving technology at the Robotaxi AI event. Despite increasing competition, Tesla is a leader in the pure-play EV space.