Tesla Stock Falls
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Tesla's market cap fell below $1 trillion, but it still reflects investors' assumptions of enormous future growth.
Tesla's shares declined 1.74% for week, two days after posting lower profits for a third straight quarter amid increased competition and loss of tax credits.
President Donald Trump took a break from his bitter public feud with Elon Musk by offering support to Tesla in an early morning post on Truth Social.
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Nelson downgraded the company’s stock to a neutral rating in April. But even some of the Tesla bulls on Wall Street are saying that the time for Musk to take action is running out.
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Barchart on MSNCathie Wood is Buying the Post-Earnings Dip in Tesla Stock. Should You?Famed investor Cathie Wood has loaded up on TSLA shares on the post-earnings weakness. Morgan Stanley continues to see Tesla stock as a top pick.
Tesla shares took a hit Thursday after the company reported a 16% decline in automotive sales and a 12% decline in total revenue for the second quarter compared with one year ago.
The electric vehicle revolution has created massive winners, but the next decade could see a dramatic reversal of fortunes. One overlooked giant is already laying the groundwork.
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Tesla shares tumbled in extended trading Wednesday after the EV maker's quarterly results fell short of Wall Street’s expectations and CEO Elon Musk warned of a "few rough quarters" ahead. Monitor these key chart levels.
Analysts maintained their ratings for Tesla despite the company's weak earnings, according to Benzinga. Needham’s Chris Pierce reiterated a Hold rating on Tesla with no price target. Wedbush’s Dan Ives and Cantor Fitzgerald’s Andres Sheppard maintained bullish ratings with price targets of $500 and $355,
Meanwhile, another artificial intelligence (AI)-powered transportation stock has rocketed higher this year, partly due to its emerging autonomous driving business. Lately, the stock seems to go up when Tesla goes down and vice versa. Is it the ultimate threat to Tesla's autonomous driving ambitions?