Gene Munster, Deepwater Asset Management, joins 'Power Lunch' to discuss when the selloff in equities stops, the cause of the market selloff and much more.
Tesla (NASDAQ:TSLA | TSLA Price Prediction) stock is down 3% in Friday afternoon trading, with shares sliding from an opening price of $372.11 to around $361.
Shares of Tesla remained under pressure on Friday, extending a weak run as investors weighed softer delivery expectations, geopolitical risks, and uncertainty surrounding CEO Elon Musk's long-term strategy. The stock fell 3% on Friday, adding to recent losses that have left it down sharply over the past three months.
Investors have lost some of their fascination with Tesla's car business, but selling lots of EVs is critical to funding Elon Musk's more futuristic ambitions.
The Elon Musk-run company is chasing a weekly gain Friday.
In the latest trading session, Tesla (TSLA) closed at $372.11, marking a -3.59% move from the previous day.
Higher EV prices and borrowing costs may be turning prospective buyers away.
Elon Musk's lawyers have asked Delaware Chancery Court's top judge to recuse herself from a case. They say she hearted a LinkedIn post criticizing him.
Tesla Inc (NASDAQ:TSLA)'s reported plans to build advanced semiconductor facilities with SpaceX (Unlisted (US):SPACEX) mark a significant step toward addressing what Wedbush analysts see as the “largest bottleneck” in the company's artificial intelligence (AI) ambitions. The project involves two chip fabrication plants in Austin, Texas, under a broader “Terafab” initiative aimed at scaling production for Tesla's vehicles, Optimus humanoid robots, and space-based AI infrastructure.
Tesla (NASDAQ: TSLA) has received a fresh vote of confidence from Wall Street, with Wedbush reiterating its bullish stance on the stock.
Elon Musk's electric-vehicle maker reported sales growth in the region last month, for the first time in over a year.
Shares of Tesla rose around 1.6% to $387.85 in early trading Tuesday, building on gains from the previous session even as broader markets showed signs of weakness. The S&P 500 and Nasdaq were both down in the red, highlighting Tesla's relative outperformance.