As tech stocks find support after the sector's recent slump, the latest Tesla (NASDAQ: TSLA ) tumble has ended. Tesla stock is now holding steady at around $230 per share.
One analyst just made Tesla his "top pick" among auto stocks. The bullish call focuses on more than just Tesla's EVs.
U.S. automaker Tesla's sales of China-made electric vehicles rose 15.3% from a year earlier to 74,117 units in July, data from the China Passenger Car Association (CPCA) showed on Friday.
Cathie Wood successfully loaded up on Tesla once, and she is doing it again. Tesla's long-term prospects could rest on the success or failure of its autonomous vehicle efforts.
Tesla registered an insurance broking firm in China at the end of July, based on a national corporate information database, in a sign that the U.S. automaker may be trying again to gain approval to sell insurance products in the country.
The parents of a motorcyclist who was killed in a 2022 crash involving a Tesla Model 3 on Autopilot in Utah sued the electric carmaker and the vehicle's driver, claiming that the driver assistant software and other safety features are "defective and inadequate."
Tesla, Inc. reported tough Q2 earnings with declining margins and profits, struggling with weak vehicle demand. The company's hubris is evident in overinvestment in capacity and side projects, such as AI, with uncertain returns. Tesla's valuation is not justified by its financial performance, market potential, or competition in the self-driving industry, making it a poor investment choice.
Tesla, Inc. stock has rallied 30% since May despite a top line challenged by a harsh macro environment, demonstrating solid operating leverage and a strong balance sheet. The company's fortress balance sheet gives me high confidence in its ability to pursue key strategic priorities and unlock new highly profitable revenue streams. My discounted cash flow model values Tesla at $928 billion, 31% higher than the current market cap.
NEW YORK, NY / ACCESSWIRE / August 1, 2024 / Levi & Korsinsky notifies investors that it has commenced an investigation of Tesla, Inc. ("Tesla") (NASDAQ:TSLA) concerning possible violations of federal securities laws. On July 23, 2024, after the market closed, Tesla announced its Q2 2024 results, reporting lower earnings-per-share ("EPS") and operating income than anticipated.
NEW YORK, NY / ACCESSWIRE / August 1, 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.
Tesla's delivery numbers dropped for the second straight quarter in July. The company has been scrambling to gin up orders and switch up its sales tactics over the past year.
Cathie Wood sees Tesla's planned robotaxi fleet as its next major catalyst. Beyond self-driving car technology, Tesla is investing heavily in other areas of artificial intelligence (AI) such as humanoid robotics.