Tesla is currently the weakest stock on the Nasdaq 100 this year, facing slowing growth and shrinking profits. However, David Baron, a fund manager, is betting on a significant turnaround for Elon Musk’s company. Baron, managing the Baron Focused Growth Fund, is placing his confidence in Musk to navigate Tesla through these challenges. “While he […]
Tesla has made a notable shift in its compensation policy this year, as managers informed some salaried employees that the company will not be offering merit-based equity awards. This change, reported by Bloomberg, comes without a specific explanation from the company, but is believed to be a widespread move affecting various departments. Traditionally, Tesla’s annual […]
Independent Tesla investor and analyst James Stephenson took to X today to emphasize the staggering growth in Tesla’s unit sales. Stephenson pointed out that the magnitude of Tesla’s year-over-year growth often gets overlooked due to the visual limitations of traditional charts. He explained that while charts may show consistent growth, they fail to capture the […]
Electric vehicle (EV) sales in the United States have reached unprecedented levels, according to a Bloomberg Green analysis. The share of new electric cars sold exceeded 7% for the first half of the year, surpassing a critical threshold for mass adoption. In the last few months, total EV sales in the country topped 3 million. […]
In a recent interview with Bloomberg Television, Jim Chanos, a well-known short-seller, expressed skepticism about Tesla’s valuation and technological prowess. “We’re short the stock and we just think it’s ridiculously overvalued,” said Chanos. Chanos criticized Tesla for its constantly changing narrative. “The Tesla story keeps changing right every few months. The Tesla faith will trot […]
Tesla witnessed a 7% surge in its stock on Monday, marking a halt to the six consecutive days of losses it had been experiencing. This is the company’s most significant one-day percentage increase since its 7.8% ascent on March 21. Despite this leap, Tesla shares have fallen by 15% this August and primarily displayed a […]
Summary: ARK predicts Tesla’s share price at $2,000 by 2027, with $2,500 and $1,400 as bull and bear cases. Robotaxi business contributes significantly to Tesla’s expected enterprise value and EBITDA in 2027. Updated model factors in autonomous ride-hail services, capital efficiency, and energy storage deployment. ARK Investment Management has released an updated open-source Tesla model, […]
Canada’s largest pension plan has trimmed its investment in Apple, while also picking up more shares of Tesla plus Chinese electric vehicle makers NIO and Li Auto, in Q4. The Canada Pension Plan manages the largest pension plan for Canadians and an SEC disclosure detailed recent stock trades for the fund that has total assets […]
Renaissance Technologies increased its stake in Tesla by over 1,000-fold in the fourth quarter, and the now automaker now represents one of the firm’s largest holdings. The hedge fund increased its stake in Tesla from just 1,400 shares to 3.4 million shares by the end of 2022, according to a filing with the Securities and […]
Veteran investor Keith Fitz-Gerald said to CNBC that those betting against Elon Musk are comparable to those who bet against Apple co-founder Steve Jobs years ago, adding that he thinks Tesla stock could still grow as much as 44 percent from current trading prices. Fitz-Gerald said that he thinks Tesla’s stock is “just getting started,” […]
Investors just can’t get enough of Tesla’s stock, it seems. Around three million stock-option trades take place on an average day, and Tesla accounts for around 7 percent of all options on an average trading day, according to data from Cboe Global Markets, reports The Wall Street Journal. A stock option is a contract that […]
@Alec Corum launched StockGPT on Sunday, which he describes as an AI financial search tool. This particular tool was trained on Tesla’s quarterly earnings call transcripts dating as far back as the second quarter of 2011. Corum says the tool is great for finding specific commentary on topics during a certain quarter or evaluating performance […]
Image via WSJ Following a rough year in the market for the technology sector, most investors have stopped buying the dip on most stocks, except for one–Tesla. Tesla’s stock is still being purchased at its low price, while other retail investors have largely stopped buying the dip in various tech stocks, according to The Wall […]
As Tesla shares continue to be sold off, one analyst is pointing out that the stock could be nearing its bottom and represents a good opportunity for investors. CFRA senior equity analyst Garrett Nelson says the current landscape is a good opportunity to buy Tesla shares, as stated in an interview on CNBC‘s “Squawk Box.” […]
Tesla fans and retail investors haven’t wavered in their support of the company’s stock, even as the automaker rounds out what is set to be the stock’s worst year on record. Retail traders remain strong buyers of Tesla’s stock throughout this month, according to data from Vanda Research detailed in a report from Bloomberg. Net […]
