Tesla, Elon Musk and Robotaxi
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Tesla has faced severe demand destruction due to a reputational crisis, yet the stock remains resilient due to the powerful narrative and retail
Due to Tesla's innovation and diversification, 24/7 Wall St. sees strong upside potential for the stock by the end of the decade.
Tesla Inc dropped 14% in a single day yesterday, representing one of its most significant one-day falls in the past few years.
If you are an investor interested in owning electric vehicle (EV) stocks, does the recent fall by Tesla mean it's time to move to buy competitors such as Rivian Automotive ( RIVN -1.49%) instead for your portfolio? Let's take a closer look at this smaller EV upstart and see if an answer presents itself.
Chinese EV makers are moving quickly to develop driver-assistance systems in a market where car-buyers are demanding them at a faster pace than in other regions, analysts say. Their ability to do so at lower costs poses the biggest threat to Tesla’s new autonomy-based business model.
U.S. stock index futures nudged higher on Friday as investors awaited monthly payrolls data, while Tesla shares rebounded on signs of cooling tensions between CEO Elon Musk and U.S. President Donald Trump.
Tesla ( TSLA 4.50%) stock had a rough week last week, dropping nearly 15%. Shares fell again today with its robotaxi launch in Austin, Texas, coming soon. While the company hasn't confirmed the specific June date for the launch, reports say it could be Thursday, June 12.
Musk's net worth on Thursday plunged $34 billion, putting his valuation at $335 billion, according to the Bloomberg Billionaires Index. In addition to Tesla, Musk owns The Boring Company, Neuralink, SpaceX, X (formerly known as Twitter) and xAI.
Visionary entrepreneur Elon Musk might be tempted to solve the problem of commercializing air taxies, also known as electric vertical take-off and landing (eVTOL) vehicles.