Nasdaq TSLA Tesla

Billionaire investor Ron Baron, who is a notorious Tesla (TSLA) bull and shareholder, says the electric vehicle maker’s market capitalization could reach $5 trillion within the next decade. Appearing on CNBC, Baron said, “Tesla, I think, is going to be worth $5 trillion in 10 years, based upon the business plan that I am aware of.” He added that he believes Tesla CEO Elon Musk has even more ambitious goals in mind and wants to make the automaker a $30 trillion company. Baron’s outlook is extremely bullish considering that Tesla only recently achieved a $1 trillion market cap. Currently, chipmaker Nvidia (NVDA) is the world’s largest publicly traded company with a market capitalization of $3.65 trillion. Ron Baron runs Baron Capital, a New York investment firm that has $45 billion of assets under management. A Longtime Investor Baron is one of the biggest Tesla investors and a longtime cheerleader for the company. He first invested $400 million in Tesla between 2014 and 2016, and says that he has made $6 billion on that initial bet as the electric vehicle manufacturer has grown and evolved. Today, Tesla represents 10% of Baron’s entire investment portfolio, which he says is diversified. Tesla is seen as a beneficiary of the new administration of U.S. president-elect Donald Trump. Musk has become a prominent backer and donor to Trump and was recently assigned by Trump to lead a Department of Government Efficiency. TSLA stock has risen about 25% so far in November following Trump’s electoral victory, and Baron said on CNBC that he plans to hold his Tesla shares for the long-term. “No way I’m going to sell,” he said. Is TSLA Stock a Buy? Tesla stock currently has a consensus Hold rating among 35 Wall Street analysts. That rating is based on 11 Buy, 16 Hold, and eight Sell recommendations made in the last three months. The  average TSLA price target of $207.83 implies 34.66% downside risk from current levels. Read more analyst ratings on TSLA stock

The Trump 2.0 era may boost tech stocks with eased antitrust policies and support for AI, though a trade war with China could negatively impact Apple and Tesla.

It was another wild week on Wall Street. Fresh off of post-election buzz, the Dow Jones Industrial Average (DJI) and S&P 500 Index (SPX) closed above 44,000 and 6,000, respectively, both marking historic milestones. Momentum quickly waned, however, as investors turned their

Elon Musk’s artificial intelligence (AI) venture, xAI, is preparing to make a massive chip purchase from Nvidia (NVDA). According to a report from CNBC, the company is set to close out a funding round next week, during which it has raised roughly $6 billion to buy 10,000 AI chips from Nvidia. These critical components will be used at xAI’s data center in Memphis, Tennessee, where it is working on a supercomputer. While NVDA stock is struggling today, this development could help it rebound soon, as xAI is likely to have a significant need for chips as its work progresses. What’s Happening with Nvidia Stock Today? It’s been a fairly volatile week for Nvidia stock, which looks poised to close out trading for the past five days in the red. As of this writing, shares are down 3% for the day, due mostly to negative market momentum. That said, NVDA stock has enjoyed an excellent quarter, during which it has recovered from the September 2024 slump to rise 140% through unfavorable market conditions. Now Nvidia investors can take comfort in the fact that it has a new customer with ambitious plans. Musk is focused on using xAI to develop a supercomputer that is expected to revolutionize Tesla’s (TSLA) full self-driving technology. If it progresses, Musk will likely be making further Nvidia chip purchases, thus creating a likely growth catalyst for NVDA stock. Additionally, Musk’s relationship with President-elect Donald Trump could lead to more favorable policies for companies in the AI space. TSLA stock has already benefited from Musk’s ties to Trump, and his other companies could as well. If they continue to grow, Nvidia is likely to benefit as long as it remains the primary chip provider for xAI. Wall Street Remains Bullish on NVDA Stock Wall Street has been bullish on Nvidia all year but now this news from xAI could lead to more positive predictions. Analysts have a Strong Buy consensus rating on NVDA stock based on 39 Buys and three Holds assigned in the past three months, as indicated by the graphic below. After a  185% rally in its share price over the past year, the  average NVDA price target of $157.82 per share implies a 12% upside potential. See more NVDA stock analyst ratings

Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the Invesco QQQ (Symbol: QQQ) where we have detected an approximate $5.3 billion dollar inflow -- that's a 1.7% increase week over week in outstanding un

Elon Musk (TSLA) has expanded his lawsuit against OpenAI, adding federal antitrust claims and naming Microsoft (MSFT), OpenAI's largest financial backer, as a defendant. The amended complaint, filed in Oakland, California, accuses OpenAI and Microsoft of attempting to monopolize

Shares of General Motors (GM) are down in today’s trading as the automaker plans to cut 1,000 salaried jobs to improve efficiency and productivity, according to Bloomberg. Most of the layoffs will occur in North America, but global operations will also be impacted. It is no secret that the auto industry is very competitive. Therefore, reducing costs where possible is necessary in order to keep up with the competition. Interestingly, the layoffs come after GM reported a 10.5% increase in Q3 sales and improved profitability, which was partly due to cost-cutting in its electric vehicle (EV) business. CEO Mary Barra noted that while EV costs are stabilizing, further cuts are necessary to optimize the margins of internal combustion engine (ICE) vehicles that still make up 80% of GM’s U.S. business. And GM is likely to benefit from its ICE vehicles as Trump’s election victory is expected to ease regulations on ICE vehicles. However, as legacy automakers may benefit from fewer regulations, they will likely also struggle with their EV operations. This is because Trump’s transition team plans to eliminate the $7,500 tax credit for electric vehicle purchases, according to Reuters. What is interesting is that Tesla (TSLA) representatives support ending the subsidy. Indeed, earlier this year, Tesla CEO Elon Musk noted that removing the tax credit would significantly harm its U.S. EV competitors but only slightly impact Tesla sales. GM Issues a Recall In a separate development, GM issued a recall for 462,000 diesel-powered pickups and SUVs due to issues with transmission control valves that could cause harsh shifting or rear-wheel lockup. This recall includes models like the Chevy Silverado and GMC Sierra. GM dealers will provide software updates and warranty coverage for repairs. What Is GM’s Price Target? Turning to Wall Street, analysts have a Moderate Buy consensus rating on GM stock based on 10 Buys, six Holds, and two Sells assigned in the past three months, as indicated by the graphic below. After a 110% rally in its share price over the past year, the average GM price target of $56.67 per share implies 1.5% downside risk. See more GM analyst ratings

Shares of Rivian Automotive (NASDAQ: RIVN) are down for a second day on Friday after Reuters reported that the incoming Trump administration plans to end the electric vehicle (EV) tax credit program.

MGA reports lower-than-expected Q3 results and expects 2024 revenues in the band of $42.2-$43.2 billion, down from $42.5-$44.1 billion guided earlier.

The 2024 Q3 earnings cycle is nearing its end, with a handful of S&P 500 companies remaining to report quarterly results. Throughout the period, these three quarterly releases stole the spotlight.

WPRT incurs narrower-than-expected Q3 loss while revenues miss the Zacks Consensus Estimate.

The NASDAQ 100 Pre-Market Indicator is down -162.83 to 20,733.84. The total Pre-Market volume is currently 126,883,543 shares traded.The following are the most active stocks for the pre-market session: Greenidge Generation Holdings Inc. (GREE) is +1.39 at $3.86, with 16,764,943

Below is Validea's guru fundamental report for TESLA INC (TSLA). Of the 22 guru strategies we follow, TSLA rates highest using our P/B Growth Investor model based on the published strategy of Partha Mohanram. This growth model looks for low book-to-market stocks that exhibit cha

After an intense and closely followed election season, former President Donald Trump is headed back to Washington. Since the election, speculation has been about whom Trump will appoint to his cabinet or other senior positions.

Elon Musk made a big bet on Donald Trump this year. He vocally supported him on his platform X (formerly Twitter), donated $119 million through a political action committee supporting Trump, and spoke at his rallies.

The electric vehicle (EV) industry witnessed a major blow yesterday after Reuters reported that President-elect Donald Trump plans to remove the $7,500 consumer tax credit for EV purchases. It is worth highlighting that Trump’s energy policy transition team has met several times post-election to discuss this matter. Following the news, shares of Tesla (TSLA), Rivian (RIVN), and Lucid (LCID) dropped 5.8%, 14.3%, and 4.6%, respectively. The tax credit, a key part of President Biden’s Inflation Reduction Act (IRA), played a significant role in boosting EV adoption. Its removal would increase the cost of EVs, making them less affordable for consumers and impacting the industry’s growth. It is worth noting that the EV market is already struggling with low demand due to high vehicle prices and limited charging infrastructure. Importantly, traditional automakers like Ford (F), General Motors (GM), and Stellantis (STLA), which have invested heavily in EV development, would also be affected by the loss of the tax credit. This could make it difficult for them to compete with established players like Tesla and shift their focus back toward gasoline-powered vehicles. Elon Musk Supports the End of EV Tax Credits Tesla’s CEO, Elon Musk, is surprisingly supporting the potential end of EV tax credits, despite being a major beneficiary of this incentive. Musk believes that while a policy change might hurt performance in the short term, it would eventually benefit the company by reducing competition in the EV market. Further, Tesla’s robust scale, strong brand, and strong financial position keep it well-positioned to navigate the change and maintain its market leadership. Which EV Stock Is Best to Buy? We used TipRanks’ Stock Comparison tool to see which EV companies rank favorably based on different parameters. As we can see, RIVN and GM have Moderate Buy consensus ratings, while TSLA, LCID, and F stocks are currently rated as Hold. Importantly, analysts are predicting solid upside potential in RIVN and LCID stocks. Disclosure

How is VOO stock faring? The  Vanguard S&P 500 ETF is down 1.04% in the past five days but has risen 34.7% over the past year.  According to TipRanks’ unique ETF analyst consensus, determined based on a weighted average of its holdings’ analyst ratings, VOO is a Moderate Buy. The Street’s average price target of $601.98 implies an upside of 10.35%.  Currently, VOO’s five holdings with the highest upside potential are Moderna (MRNA), Super Micro Computer (SMCI), AES Corp.  (AES), Enphase Energy (ENPH), and Celanese (CE).   Meanwhile, its five holdings with the greatest downside potential are Palantir  (PLTR), Tesla Motors  (TSLA), Paycom (PAYC), Old Dominion Freight  (ODFL), and Garmin (GRMN). Revealingly, VOO ETF’s Smart Score is eight, implying that this ETF is likely to outperform the market.  Power up your ETF investing with TipRanks. Discover the  Top Equity ETFs with High Upside Potential, carefully curated based on TipRanks’ analysis.      Disclosure  

Shares of Tesla (NASDAQ: TSLA) were heading lower on reports that the Trump administration planned to eliminate the $7,500 electric vehicle (EV) tax credit. Tesla also issued its sixth recall this year for the Cybertruck, this time over a faulty drive inverter component.

Tesla shares fell Thursday after news broke that the incoming Trump administration will seek to remove EV tax credits. However, the news was already priced into the stock and there are several reasons for investors to remain bullish into next year.

In trading on Thursday, the SPDR EURO STOXX 50 ETF is outperforming other ETFs, up about 1.7% on the day. Components of that ETF showing particular strength include shares of ASML Holding, up about 4.8% and shares of Suncor Energy, up about 2.6% on the day. And underperformin