Tesla (NASDAQ: TSLA ) stock is not having the best 2024. With macroeconomic developments like the global carry trade and a slowdown in electric vehicle ( EV ) demand adding to the pressure, shares are down 20%.
Down nearly 30% from its recent high, Tesla (NASDAQ: TSLA ) is an EV giant that clearly faces a myriad of challenges in this current environment. The company's status as a growth stock, with what seemed to be a multi-decade-long potential 50%+ growth profile ahead, is one that's been called into question.
Tesla's (TSLA) stock had started to post a masterful rebound before its underwhelming Q2 report in July and the selloff afterward was extended by recent market volatility.
LOS ANGELES, CA / ACCESSWIRE / August 7, 2024 / The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of Tesla, Inc. ("Tesla" or "the Company") (NASDAQ:TSLA) for violations of the securities laws. The investigation focuses on whether the Company issued false and/or misleading statements and/or failed to disclose information pertinent to investors.
NEW YORK, NY / ACCESSWIRE / August 7, 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.
Elon Musk's recent announcement on Twitter that "Tesla will have genuinely useful humanoid robots in low production for Tesla internal use next year" suggests that robots that have physical human-like characteristics and provide "genuinely useful" function might be with us soon.
NEW YORK, NY / ACCESSWIRE / August 7, 2024 / Bronstein, Gewirtz & Grossman, LLC is investigating potential claims on behalf of purchasers of Tesla, Inc. ("Tesla" or "the Company") (NASDAQ:TSLA). Investors who purchased Tesla securities are encouraged to obtain additional information and assist the investigation by visiting the firm's site: bgandg.com/TSLA.
Key Points 50% of Tesla owners are switching back to gas cars, indicating ongoing dissatisfaction.
Shares of electric-vehicle maker Tesla were up almost 1% in premarket trading. Recent reports from peers Rivian and Lucid are providing some lift.
24/7 Wall St. Insights As traditional car companies consider the drawbacks of dealer networks, the Tesla Inc.
Revenue from Tesla's core operating segment declined year over year in Q2. Bullish shareholders believe AI and robotics will lead to a financial windfall for this business.
Tesla (NASDAQ: TSLA) is recalling over 1.68 million electric vehicles (EVs) in China due to a software issue that could increase the risk of collisions. The recall, which started on August 6, affects various models, including the imported Model S and Model X and the domestically produced Model 3 and Model Y.