At $381.61, Tesla (NASDAQ:TSLA | TSLA Price Prediction) looks vulnerable, with a credible path toward the $190 historical manufacturing support zone as tech multiples compress and global EV pricing grinds margins lower.
Shares of Tesla Inc. NASDAQ: TSLA are down about 15% from the May high and are starting to take a shape that investors won't want to see. The broader narrative around the company has been getting more interesting by the month, from the Wall Street hype around the company's full self-driving (FSD) and robotaxi projects to the increasingly serious conversation about a Tesla and SpaceX NASDAQ: SPCX merger.
The National Transportation Safety Board has opened an investigation into a crash that happened over the weekend in Texas, in which a driver slammed into a home in Katy, Texas, killing a resident.
TSLA's safety probe adds pressure, but energy growth, improving overseas deliveries, and FSD approvals may make selling the stock premature.
Tesla stock has declined since SpaceX debuted. EV deliveries could be a catalyst for shares of the electric-vehicle maker.
The family of a woman killed when a Tesla crashed into her home, allegedly while in self-driving mode, is suing Elon Musk's company and the driver.
Uber is quietly writing $500 million checks to lock in robotaxis as Waymo threatens to leave it behind.
Elon Musk is no longer a trillionaire after sharp declines in SpaceX and Tesla shares wiped out more than $150 billion from his fortune and dragged his net worth below the $1 trillion mark. According to Bloomberg's Billionaires Index, Musk's wealth stood at $957 billion on Wednesday, down from the historic milestone he crossed earlier this month after SpaceX's blockbuster initial public offering propelled him into the trillionaire club.
Shares of Tesla Inc NASDAQ: TSLA are trading around $410 this week, holding on to most of the gains they've logged since hitting a multi-month low in late April. The broader bull case has been well documented, from full self-driving and robotaxis to Optimus and the longer-term robotics ambition.
Tesla (NASDAQ:TSLA | TSLA Price Prediction) stock is having a difficult session, falling 5% to $383 even as other electric vehicle (EV) names are showing far more resilience.
Tesla shares fell sharply on Tuesday after US regulators opened an investigation into a fatal crash in Texas involving one of the company's vehicles, adding fresh scrutiny to the automaker's driver-assistance technology. The stock dropped about 5% in early trading as investors weighed the implications of the investigation against an already challenging backdrop for technology stocks.
Tesla Inc (NASDAQ:TSLA) and energy developer NatPower have signed a multi-year agreement covering more than 25 gigawatt-hours (GWh) of battery energy storage systems across Italy and the United Kingdom, marking the first phase of a broader European deployment program. The initial stage includes five projects that will be owned and operated by NatPower.