Wedbush analysts note a Trump presidency may hurt the EV sector but benefit Tesla. Higher Chinese tariffs could limit competition, giving Tesla an edge in the US EV Market.
Tesla Inc (NASDAQ:TSLA)'s highly anticipated Robotaxi Day event has reportedly been postponed from August 8th to October, according to Bloomberg News. The delay caused Tesla stock to drop over 6% on Thursday afternoon.
Tesla CEO Elon Musk announced in April that the company's robotaxi would be revealed on Aug 8. According to Bloomberg, the unveiling has been pushed to October.
Three months ago, when Tesla, Inc. TSLA was trading at $173 per share, we placed a bullish bet on the company (Trade Alert: EVs). The other two EV companies we bet on there were Xiaomi Corporation XIACY, and Rivian Automotive, Inc. RIVN.
Tesla Inc.'s stock fell 5% on Thursday on the heels of a report that the electric-vehicle maker will delay its closely watched Robotaxi debut by two months in order to build more prototypes.
Tesla is reportedly pushing back its robotaxi day to October. The move would throw doubt on one of Tesla's most important promises.
To combat a slowdown in EV sales, the company has shifted focus over the past few months to its artificial-intelligence efforts such as its Robotaxi and Optimus humanoid robot.
Another term for former President Donald Trump could be a good thing for Tesla despite Trump's repeated sharp criticism of electric vehicles and government incentives for Americans to switch from gas cars, one notable analyst said Thursday, posing another potential tailwind for the Elon Musk-led carmaker's sizzling stock.
Tesla is apparently not ready to reveal its “robotaxi” design next month, and is instead pushing the event to October, according to Bloomberg News.
Tesla is delaying the launch of its Robotaxi to October from August, Bloomberg News reported on Thursday, citing people familiar with the decision.
Tesla Inc (NASDAQ:TSLA) shares are up over 50% over the past month, with analysts at Wedbush saying the electric vehicle maker's turnaround has begun as demand stabilises after a round of price cuts and Wall Street reappraises what AI could do for the company. The Elon Musk-bossed group's march towards an annualised production of two million cars should be reached over the coming quarters, providing clear momentum, which will be helped by easier comparatives when 2025 rolls around.
Elon Musk's electric vehicle (EV) maker, Tesla Motors (NASDAQ: TSLA) has arguably made the biggest comeback of 2024. After trading deeply in the red in the initial months of the year and even spending some time as the worst-performing stock in the S&P 500, it suddenly skyrocketed in value in late June.