Tesla TSLA stock has slumped 11.3% so far this year. Although the stock has gained 2% over the past month, a longtime TSLA shareholder is struggling to maintain faith in Elon Musk's electric vehicle (EV) company, citing a range of issues, as quoted on Yahoo Finance.
Shares of the electric-vehicle maker have been particularly volatile lately. Since Tesla reported quarterly earnings in late July, shares have moved more than 3%, up or down, most days.
Tesla stock (NASDAQ;TSLA) declined by close to 6% in Thursday's trading, with the stock closing at about $211 per share. There are a couple of developments likely driving the sell-off.
While Chinese companies last week showed off humanlike robots playing the zither or grabbing sodas, Tesla displayed its Optimus humanoid inside a clear box, next to its cars. The World Robot Conference that began Wednesday in Beijing claimed it revealed 27 humanoids, a record.
The EV market is growing, but at a slower pace, partly due to Tesla's (NASDAQ:TSLA) influence on the overall sector.
NEW YORK, NY / ACCESSWIRE / August 24, 2024 / Pomerantz LLP is investigating claims on behalf of investors of Tesla, Inc. ("Tesla" or the "Company") (NASDAQ: TSLA). Such investors are advised to contact Danielle Peyton at [email protected] or 646-581-9980, ext.
Colin Langan, Wells Fargo automotive and mobility analyst, joins 'Power Lunch' to discuss Tesla's troubles.
Federal Reserve Chair Jerome Powell gave an even more definitively dovish speech than expected this morning at Jackson Hole. High interest rates have decimated the EV sector, so his comments sparked a rally in these beaten-down stocks.
When isn't Tesla's stock a lightning rod for sharp opinions from both bulls and bears!? Now is one of those moments where views from each passionate camp are coming in hot and heavy.
Tesla stock has retreated around 15% in 2024 and has slid since hitting year highs in July. Another executive is leaving.
The prospect of lower interest rates has helped Tesla stock gain in recent weeks.
China dominates the market for electric vehicles. Now it's chasing Tesla in the race to build battery-powered humanoids expected to replace human workers building EVs on assembly lines.