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Nasdaq TSLA Tesla
9 months 2 weeks ago
Tesla (NASDAQ: TSLA) hosted an event called "We, Robot" last week to display its prototype-autonomous vehicles and humanoid robots. Investors were disappointed. Tesla shares are now down 10% in the last five trading days (as of this writing) as Wall Street gets increasingly skept
The Motley Fool
9 months 2 weeks ago
The "Magnificent Seven" is a fun moniker used to collectively describe the world's largest technology companies. Members of the exclusive club include Microsoft, Apple, Nvidia, Amazon, Alphabet, Meta Platforms, and Tesla (NASDAQ: TSLA).
The Motley Fool
9 months 2 weeks ago
The 2024 Q3 earnings season has kicked into a much higher gear, with a nice variety of companies already delivering quarterly results. The period looks to be constructive, with earnings growth expected to be positive again despite
Zacks
9 months 2 weeks ago
The banks and other Finance sector companies gave us a good start to the Q3 earnings season. However, we will see if this favorable trend will continue this week as the Q3 reporting cycle really ramps up, with more than 450 compan
Zacks
9 months 2 weeks ago
Another quarter, another highly anticipated earnings report from Tesla (NASDAQ: TSLA).
The Motley Fool
9 months 2 weeks ago
Granted, legacy automaker Ford
(F) has had a rough go of things with its electric vehicle aspirations, but a new plan targeting dealerships may be just what the doctor ordered. A new pilot program is potentially landing dealerships several thousand dollars for ordering F-150 Lightning pickups, and Ford shares were up fractionally as a result.
Under the terms of the new deal, dealers who order an F-150 Lightning through one of Ford’s Retail Replenishment Centers—as a new report from
Electrek noted—can land up to $1,500. In fact, over the next month, Ford dealers can land as much as $22,500 in incentives for ordering in new electric vehicles.
Ford offers $1,000 for every F-150 Lightning ordered, whether it is an XLT, a Lariat, a Flash or a Platinum version. Those ordering at least nine get that base number increased to $1,500 per vehicle. And, until November 15—when the deal expires—dealers can walk away with the aforementioned $22,500 in total for ordering 15 total vehicles. Ordering more appears to be allowed, but the incentives stop at $22,500.
Oh, and Stop Using the Tesla Adapters
While Tesla’s
(TSLA) move to make its
charging system the North American standard was something of a coup for its time, it has not come without some issues. In fact, Ford recently announced that its customers should not use the Tesla Supercharger system, or the adapters that their cars came with, at least until new chargers can be sent out.
A report from
Inside EVs warned owners about a “potential issue” with the adapters. What that issue was, however, was unclear. But the consequences of the unknown issue are anything but unclear, starting with something as simple as
increased recharge time or even outright damage to the charging port. Replacements, meanwhile, are forthcoming, which is good news for anyone who owns a Ford electric vehicle due to the sheer prevalence of the Tesla Supercharger network.
Is Ford Stock a Good Buy Right Now?
Turning to Wall Street, analysts have a Moderate Buy consensus rating on F stock based on five Buys, nine Holds, and one Sell assigned in the past three months, as indicated by the graphic below. After a 3.12%
rally in its share price over the past year, the
average F price target of $12.68 per share implies 14.6% upside potential.
See more F analyst ratings
Disclosure
TipRanks
9 months 2 weeks ago
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The Motley Fool
9 months 2 weeks ago
While the Full Self-Driving feature of Tesla’s
(TSLA) line of electric vehicles has not proven quite as “full” as anyone would like, it still represents a major advance forward in the field. And, despite a new investigation incoming from the National Highway Traffic Safety Administration (NHTSA), investors are proving surprisingly resilient, sending Tesla shares up fractionally in Friday afternoon’s trading.
A while back, a Tesla electric vehicle was involved in a collision with a pedestrian, who, sadly, died as a result. Full Self-Driving was in use at the time, though the day was foggy, and that prompted concerns from the NHTSA over whether or not the Full Self-Driving feature could be used “…in fog, glaring sun or other reduced roadway visibility conditions.”
Given that Tesla has already pivoted its marketing to describe Full Self-Driving as Full Self-Driving (Supervised), the point might be rather moot. Indeed, no car is at its fullest in “reduced roadway visibility conditions,” so Tesla’s included “supervised” caveat really should be enough to fend off such investigations. Only time will tell, however, just how rationally the government feels like behaving.
Good News and Bad News
Meanwhile, the rest of the field is sort of a mixed bag for Tesla. First, it has completely sold out its backlog of Cybertruck models, meaning they can now be ordered without a reservation. This also means that demand is now roughly in line with supply, and supply may actually be outpacing demand just a bit.
However, Tesla has cleared its backlog after only selling about 30,000 Cybertrucks. Given that the reservation list had two million people on it, the conversion rate to paying customers was very low.
Then there is the matter of the Robotaxi. With Tesla’s Full Self-Driving capabilities
looking a bit shaky and investors starting to pull back somewhat, Tesla’s share price itself started coming under fire as some questioned why it still commands the premium it does.
Is Tesla a Buy, Hold, or Sell?
Turning to Wall Street, analysts have a Hold consensus rating on TSLA stock based on 11 Buys, 16 Holds, and eight Sells assigned in the past three months, as indicated by the graphic below. After a 0.28%
rally in its share price over the past year, the
average TSLA price target of $207.83 per share implies 6.11% downside risk.
See more TSLA analyst ratings
Disclosure
TipRanks
9 months 2 weeks ago
The price of Dogecoin
(DOGE) has gained 7% in the last 24 hours and is up 22% over the past week as Tesla
(TSLA) CEO
Elon Musk promotes the memecoin at campaign rallies he attends with U.S. presidential candidate
Donald Trump.
Dogecoin is currently trading at $0.13, its highest level since July of this year. Over the last week, DOGE has outpaced all other cryptocurrencies in terms of percentage gains. The increase comes as Elon Musk appears alongside former President Trump at campaign rallies across battleground states such as Pennsylvania.
A New Government Department?
At the political rallies, Musk has been talking up his plans to create and run a new Department Of Government Efficiency under a second Trump term, which he has abbreviated as D.O.G.E. Musk says the new department will make government spending of taxpayer money more efficient.
The expectation among crypto bulls is that a Trump victory could lead to more attention being paid to Dogecoin, fueling retail interest in the memecoin. Musk is a long-time Dogecoin supporter and has promoted the cryptocurrency in the past, helping to push it to an all-time high of $0.64 in 2021.
It’s worth noting that Dogecoin was started as a joke and has no utility or functionality. It is simply a cartoon image of a dog, which is why analysts refer to it as a memecoin. The price of
Dogecoin has now risen 40% this year.
Is DOGE a Buy?
While there are no ratings or price targets on Dogecoin as with stocks, the chart below provides an indication of current sentiment surrounding the cryptocurrency. As one can see,
sentiment towards DOGE is bullish, which could indicate that the price is likely to rise in the near-term.
TipRanks
9 months 2 weeks ago
(RTTNews) - The National Highway Traffic Safety Administration or NHTSA, said Thursday it is probing the failure of Tesla Inc.'s (TSLA) full self-driving or FSD, equipped electric vehicles' system engineering controls to react appropriately to reduced roadway visibility condition
RTTNews
9 months 2 weeks ago
Tesla TSLA is slated to release third-quarter 2024 results on Oct. 23, after the closing bell. The results will primarily center around the company’s vehicle deliveries and profit margins. Stay up-to-date with the quarterly r
Zacks
9 months 2 weeks ago
Tesla TSLA is slated to release third-quarter 2024 results on Oct. 23, after the closing bell. The results will primarily center around the company’s vehicle deliveries and profit margins. Stay up-to-date with the quarterly r
Zacks
9 months 2 weeks ago
Dogecoin (CRYPTO: DOGE) has minted a lot of millionaires since its launch in December 2013. The cryptocurrency was originally created as a parody of Bitcoin (CRYPTO: BTC) by two software engineers, Billy Markus and Jackson Palmer, and named after the viral "doge" meme, which feat
The Motley Fool
9 months 2 weeks ago
In its upcoming report, Tesla (TSLA) is predicted by Wall Street analysts to post quarterly earnings of $0.58 per share, reflecting a decline of 12.1% compared to the same period last year. Revenues are forecasted to be $25.57 bil
Zacks
9 months 2 weeks ago
Tesla (TSLA) is one of the stocks most watched by Zacks.com visitors lately. So, it might be a good idea to review some of the factors that might affect the near-term performance of the stock.
Zacks
9 months 2 weeks ago
For Immediate ReleaseChicago, IL – October 18, 2024 – Today, Zacks Investment Ideas feature highlights Tesla TSLA, Super Micro Computer SMCI, Coinbase Global COIN, iShares Bitcoin ETF IBIT and iShares Ethereum Trust ETHA.
Zacks
9 months 2 weeks ago
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
Validea
9 months 2 weeks ago
Don't be surprised if there's a big year-end rally in the crypto market. As soon as the presidential election results are known in November, it could mark the signal for investors to load up on risk assets again.
The Motley Fool
9 months 2 weeks ago
Tesla's (NASDAQ: TSLA) robotaxi event was met with skepticism by the market because timelines weren't firm, and there's no clear idea when robotaxis will hit the road. But there are robotaxis on the road today, and they're scaling quickly. In this video, Travis Hoium shows where
The Motley Fool
9 months 2 weeks ago
Tesla’s (
NASDAQ:TSLA)
Robotaxi reveal party was a carnivalesque affair but ultimately light on details. Wall Street’s response has been largely skeptical, reflected in Tesla’s 15% stock drop in October. Doubts persist over whether the EV giant’s self-driving Cybercab will truly revolutionize the market as promised. The same sentiment extends to the newly unveiled Cybervan and the Optimus robot, which Elon Musk boldly called “the biggest product ever.”
Actually, on that issue, according to a Bloomberg report, the company had humans remotely operating certain functions of the Optimus robot prototypes during the event.
So, unless you’re a diehard TSLA lover, it’s easy to understand why some would be cynical about Musk’s ambitions following the disappointing event.
Even Tesla fan, Canaccord analyst George Gianarikas, couldn’t ignore the shortcomings.
“Let’s be critical for a moment,” said Gianarikas. “We sort of get the snarky reactions. Details were minimal. And, we doubt the timing of it all. All. By a lot. Not only is Robotaxi unlikely by 2026 in our view, but, we are not totally convinced that Tesla’s camera-only, end-to-end neural network approach is the right one — at least not for a long while.”
Gianarikas has long banged the drum for Tesla, so has the analyst now decided that there’s just too much hot air circulating in the EV leader’s HQ? Not at all. Gianarikas’ recommendation is to “stop being so cynical. SpaceX just caught a rocket booster in the arms of its launch tower, have faith!”
The analyst points out that Tesla is in it for the long-term, intent on “creating value” across four major markets: electric vehicles, AI and autonomy, robotics, and energy storage. Each of these sectors has a large TAM (total addressable market) and strong growth potential, where Tesla is expected to be a leading player.
“The party, despite its speciousness, was a modish introduction to the company’s robofuture designed to put the world on alert,” Gianarikas goes on to reassure, “and — yes — help investors understand the company’s long-term potential. Don’t miss the profundity behind the glitz and glamour.”
Accordingly, Gianarikas rates Tesla shares a Buy rating, backed by a $254 price target. The implication for investors? Upside of 15% from current levels. (To watch Gianarikas’s track record,
click here)
Turning now to the rest of the Street, where 10 other analysts also have a favorable view of TSLA’s prospects although they are countered by 16 Holds and 8 Sells, making the consensus view a Hold. The average price target currently stands at $207.83, suggesting a ~6% drop in in the cards. (See
Tesla stock forecast
)
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Disclaimer: The opinions expressed in this article are solely those of the featured analyst. The content is intended to be used for informational purposes only. It is very important to do your own analysis before making any investment.
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