CEO Elon Musk appears to be all-in on a second Trump presidency. Donations, new electric vehicles, and self-driving cars are things investors mulling on Tuesday.
Another week and more bad news for electric vehicle maker Tesla (NASDAQ: TSLA ). The Tesla stock rally that had been ongoing since the start of the year's second half abruptly came to an end on July 11.
Here's everything you need to know about the electric vehicle maker's week.
Tesla (TSLA) concluded the recent trading session at $252.64, signifying a +1.78% move from its prior day's close.
Tesla's Robotaxi Day has been delayed to October, Bloomberg previously reported. Elon Musk on social media confirmed Tesla needed "extra time" to redesign the front of the vehicle.
Tesla (TSLA) shares finished Monday higher as CEO Elon Musk said the EV maker delayed its robotaxi debut event because he requested a design change.
Needham analyst Bernie McTernan reiterated Uber Technologies Inc UBER with a Buy and a $90 price target.
EV makers are trying to navigate a dynamic demand landscape. The upcoming U.S. election could alter the status of existing credits and subsidies.
Tesla CEO Elon Musk confirmed Monday earlier reports the company was delaying its robotaxi reveal, explaining it was because he requested an “important design change to the front.”
Tesla Inc (NASDAQ:TSLA), a common name on Schaeffer's Senior Quantitative Analyst Rocky White's list of stocks that attracted the highest options volume in the previous 10 days, is 5.4% higher at $261.68 this afternoon.
Prototypes are delayed and Tesla continues to fall behind industry leaders in robotaxis.
Stock indexes jumped to new heights Monday as Wall Street digested Saturday's failed assassination attempt on former President Donald Trump and the rising odds of a Trump victory in November's election, with Tesla stock, seen as a potential winner during another Trump presidential term, leading the charge.