The recent price action by Tesla (NASDAQ: TSLA) stock has been impressive, as TSLA shares managed to erase over 40% in the year-to-date (YTD) losses and finally trade in green in 2024.
The electric vehicle maker's political calculations appear to be helping.
U.S. technology firm InterDigital and a patent licensing platform on Monday won their bid to throw out a London lawsuit by Tesla , which was seeking a patent licence ahead of the automaker's launch of 5G vehicles in Britain.
No stranger to chronically optimistic claims, Tesla (NASDAQ: TSLA ) CEO Elon Musk has been making waves recently regarding the role that humanoid robots can play in the broader economy. At the electric vehicle manufacturer's annual shareholder meeting, Musk stated that such robots could lift TSLA's market capitalization to $25 trillion.
Tesla is pushing back the date of its Robotaxi announcement.
Tesla's US market share has fallen below 50% for the first time. While Tesla's dominance is waning, overall electric vehicle sales are growing.
The electric vehicle (EV) market has been one of the most dynamic new markets in a while. American EV maker Tesla (NASDAQ: TSLA ) is not only a major player in the EV space but helped to pioneer it as well.
Better-than-expected Q2 vehicle deliveries sparked a sizzling stock rally. Excitement is building for Tesla's Robotaxi event.
Lithium is an essential part of batteries for EVs. Machine vision has a key and growing role to play in EV battery manufacture.
Ford's rally to 2024 highs led Friday's resurgence among American automaker stocks, as several friendly factors boosted the legacy automakers and newer electric vehicle players like Tesla alike.
Following a rough session on Thursday, Tesla (NASDAQ: TSLA ) is on track to enter the weekend on a high note. TSLA stock moved up almost 4% in late Friday trading, buoyed by Citi's price target boost.
UBS analyst Joseph Spak has raised his Tesla (NASDAQ: TSLA ) stock price target to $197 from $147. The new price target is based on a P/E multiple of 55x for the next twelve months, up from 45x.