Nasdaq TSLA Tesla

Consumer stocks advanced late Wednesday afternoon with the Consumer Staples Select Sector SPDR Fund (XLP) climbing 1.6% and the Consumer Discretionary Select Sector SPDR Fund (XLY) adding 1%.

Tesla will recall 193,000 vehicles in Canada to address concerns about safeguards for its driver assistance system Autopilot after announcing a recall of 2.03 million vehicles for the issue in the United States, Transport Canada said Wednesday.

Consumer stocks were mixed Wednesday afternoon with the Consumer Staples Select Sector SPDR Fund (XLP) increasing 0.5% and the Consumer Discretionary Select Sector SPDR Fund (XLY) shedding 0.7%.

Wall Street's main indexes gained on Wednesday after new data indicated inflation pressures were easing, ahead of the Federal Reserve's final monetary policy decision of the year, where it is widely expected to leave interest rates unchanged.

The "Magnificent Seven," a select group of the world's largest technology companies, has been the story of Wall Street this year. These stocks have seen gains of between 50% and 219% since in 2023.

The benchmark S&P 500 and the Nasdaq gained on Wednesday as fresh data indicated inflation pressures were easing ahead of the Federal Reserve's final policy decision of the year, where it is widely expected to leave interest rates unchanged.

Tesla (NASDAQ: TSLA) stock has served investors well in 2023. The electric-car maker's shares have soared more than 90% year to date. Indeed, the growth stock's performance has been so staggering that investors are now regularly referencing the stock's membership in the elite clu

(RTTNews) - Tesla Inc. is recalling more than 2 million vehicles in the United States to fix safety issues in its Autopilot advanced driver-assistance system.

Consumer stocks were muted but leaning higher pre-bell Wednesday. The Consumer Staples Select Sector SPDR Fund (XLP) was 0.1% higher, while the Consumer Discretionary Select Sector SPDR Fund (XLY) was up 0.1%.

U.S. stocks were poised for a higher open on Wednesday as fresh data signaled signs of cooling inflation ahead of the Federal Reserve's final policy decision of the year, where it is widely expected to leave interest rates unchanged.

Tesla (NASDAQ: TSLA) has been one of the hottest stocks to own over the past five years, but it has taken shareholders on quite a roller-coaster ride along the way. In 2023 alone, Tesla has gone from $108 to $293 to its current price of about $240.

The NASDAQ 100 Pre-Market Indicator is up 40.53 to 16,394.78. The total Pre-Market volume is currently 47,727,789 shares traded.The following are the most active stocks for the pre-market session: Shattuck Labs, Inc. (STTK) is +2.2 at $4.31, with 11,885,590 shares traded. As rep

Below is Validea's guru fundamental report for TESLA INC (TSLA). Of the 22 guru strategies we follow, TSLA rates highest using our Small-Cap Growth Investor model based on the published strategy of Motley Fool. This strategy looks for small cap growth stocks with solid fundament

U.S. stock index futures edged higher on Wednesday, as the Federal Reserve was widely expected to leave interest rates unchanged at its final monetary policy meeting of the year.

Quickly rising to become the most valuable automaker, Tesla's (NASDAQ: TSLA) journey has been nothing short of historic. Since making its public debut 14 years ago, Tesla's remarkable success has made it synonymous with the electric vehicle (EV) industry, paving the way for a mor

In the current investment landscape, the focus has shifted from the FANG stocks, and a new set of influential stocks, known as the Magnificent Seven Stocks, has emerged. These stocks include Alphabet GOOGL, Apple (AAPL), Amazon AM

Warren Buffett is known for picking the right stocks, and his choices have produced billions of dollars in returns and double-digit percentage gains over time. As chairman of Berkshire Hathaway, Buffett has delivered compound annual growth of more than 19% over 57 years. That's c

Electric vehicle charging companies in Europe and the U.S. have started fighting over the best spots for fast public chargers, and industry watchers predict fresh rounds of consolidation as more big investors enter the fray.

Although EVs may represent the future of mobility and transportation, the intense competition in the space clouds the investment narrative of alternative providers like Stellantis ( NYSE:STLA ). While the automotive company might be arriving a bit late to the party, it commands brand leverage that could tilt the odds in its favor amid the bitter industry war. I am bullish on STLA stock for its potential ability to pull off a surprise. Brand Distinction May Play a Massive Role for STLA According to accounting and consulting firm Ernst & Young, nearly half of U.S. car buyers intend to purchase an electric-powered car. In addition, Pew Research Center noted that among consumers considering making the transition, 72% state that helping the environment makes up the core incentive. Therefore, it’s not terribly surprising that EVs tend to look rather boring. That’s where STLA stock might connect with its first big punch. Stellantis brands, such as Dodge, have never been shy about their brash, Detroit muscle heritage. However, replicating that hubris on the electric canvas seems odd. After all, we’re really talking about completely different kinetic paradigms. Yet, leave it to Dodge to break free from the unimaginative prison that many automakers have subjected themselves to. Instead, the company will soon introduce its Charger EV, a vehicle that looks almost exactly like a mean muscle car straight out of the Fast and Furious movie franchise. The only dead giveaway is the lack of exhaust pipes. Fundamentally, Dodge will replicate as much as possible the experience – including artificially generated exhaust notes – of a Detroit-bred, V8-engined rocket ship on wheels. It’s a risk, given that Dodge will be facing entirely new demographics of younger millennials and Generation Z members. However, if the automaker can tap into possible underlying machismo – along with capturing the attention of sustainability-oriented baby boomers – the Charger would represent a breath of fresh air. In turn, STLA stock could rise higher. And let’s also not forget that Stellantis has many other brands that it can electrify, including Alfa Romeo, Chrysler, and Jeep. Stellantis Marches Toward Its Vision Another factor that could distinguish Stellantis from the heightened competition in the EV ecosystem is its strategic vision. Specifically, the company operates under a directive that by 2030, half of its U.S. passenger cars and light trucks will be powered by electric motors. To help make this plan economically feasible, the company seeks vertical integration for developing its EV battery packs. This approach will encompass design, development, testing, and production. Further, the main basis of the overall strategy focuses on delivering superior consumer-centric performance stats. To get the ball rolling, Stellantis has invested in a dual chemistry strategy to cover all customer needs. Through efficient design and assembly of the EV battery packs, the economies of scale may allow the automaker to deliver multiple products under one baseline platform. To be fair, STLA stock presents risks regarding its bullish narrative, particularly the late entry. While other legacy automakers saw the writing on the wall and began shifting their production lines toward EVs, Stellantis has generally been dragging its feet. That said, Stellantis notes on its website that it leverages a community of more than 160 nationalities. Further, it operates in more than 30 countries and enjoys customers in more than 130 markets. It’s not as if Stellantis represents a relative unknown. So, when a brand with which people are already familiar decides to transition to the electric route, that would arguably be a more credible pathway than attempting to convince a consumer to buy a brand from scratch. Discounted Opportunity Beckons At the moment, the market prices STLA at a trailing-year earnings multiple of 3.4x. In contrast, the automotive industry runs an average price-earnings ratio of 16.7x. To drive home the point further, Tesla ( NASDAQ:TSLA ) shares run a hot earnings multiple of 78.4x. In fairness, a low PE ratio doesn’t guarantee anything. However, for STLA stock, the multiple could be deflated due to broader skepticism, such as the late EV sector entry. Nevertheless, that argument also ignores the rich potential of Stellantis being able to electrify its legacy portfolio. Plus, the company daring to be different deserves a second look. Is STLA Stock a Buy, According to Analysts? Turning to Wall Street, STLA stock has a Strong Buy consensus rating based on 13 Buys, one Hold, and zero Sell ratings. The average STLA stock price target is $25.60, implying 13.2% upside potential. The Takeaway: STLA Stock Could Enliven a Stale Market Stellantis' brand leverage and vision make it a compelling, undervalued alternative in the crowded EV space. With unique offerings like the Dodge Charger EV catering to younger demographics, its diversified portfolio, and strategic vertical integration plans, STLA stock presents a potential surprise play in the EV market. Trading at a discount compared to the industry average, STLA offers value investors an attractive entry point. Disclosure

Electric automaker Tesla has received land-use permits from Mexico's federal environment ministry to build a planned "gigafactory" in the northern border state of Nuevo Leon, the state government announced on Tuesday.