Nasdaq TSLA Tesla

After spending years in neutral gear, eclipsed by exciting new names like Tesla (NASDAQ: TSLA), automotive giant Ford Motor Company (NYSE: F) appears to be executing strongly on its energetic new modernization strategy. The automaker just released its November 2021 sales report,

While it's tempting to turn to slower-growing stalwarts right now as the best option for new capital, since the market seems to be putting many faster-growing tech stocks in the penalty box, it's always worth considering whether it might make sense to be a contrarian and take the

U.S. stocks looked set to open 1% higher on Tuesday as technology firms bounced back on easing concerns around the Omicron variant, while Intel jumped after plans to take its self-driving car unit public.

U.S. stocks looked set to open 1% higher on Tuesday as technology firms bounced back on easing concerns around the Omicron variant, while Intel jumped after plans to take its self-driving car unit public.

The U.S. Securities regulator has reportedly opened an investigation into Tesla Inc. (TSLA) over a defective solar panel case, according to Reuters. A whistleblower had filed a case in 2019 stating that the company failed to inform its shareholders and the public about possible fire risks due to defects in the solar panel system.

Following the news, shares fell as low as 6.3% before closing the day almost flat at $1,009.01 on December 6.

Whistleblower Claims

The whistleblower, Steven Henkes was a former Toyota Motor quality division manager, and joined SolarCity in 2016 as a quality engineer. Soon after SolarCity was acquired by Tesla in 2016, Henkes became aware of the fire problem associated with the solar panels. The company manufactures and sells solar generation systems to residential, commercial, and industrial customers.

Back in 2019, Henkes had informed the SEC that he had told Tesla to close its solar panels over fire and safety issues, and inform customers about the same. However, Tesla failed to pay heed to his requests and Henkes officially filed a complaint with the SEC.

Earlier, even Walmart, Inc. (WMT) had filed a case against Tesla stating that its roof solar system had caught fire in seven stores.Similarly, several residential customers had also complained about the same issue.

Freedom of Information Act

In September 2021, Henkes requested to seek information on his pending complaint under the Freedom of Information Act. The SEC denied the request and replied, “We have confirmed with Division of Enforcement staff that the investigation from which you seek records is still active and ongoing.” However, the SEC did say that the probe does not indicate that any wrongdoing has been done.

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Analysts' Take

Overall, the TSLA stock has a Hold consensus rating based on 12 Buys, 6 Holds, and 7 Sells. The average Tesla price target of $938.52 implies 7% downside potential to current levels. Shares have gained 57.2% over the past year.

Website Traffic

TipRanks’ Website Traffic tool, which uses data from SEMrush Holdings (SEMR), the world’s biggest website usage monitoring service, offers insight into TSLA's performance.

In October, Tesla website traffic recorded a 13.17% year-over-year decline in monthly visits. However, year-to-date website traffic growth increased by 1.72% compared to the same period last year.

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Meme stocks? Electric-vehicle stocks? Hypergrowth tech stocks? Whatever you call it, Tesla (NASDAQ: TSLA) is arguably the granddaddy of all of them. For investors who bought early -- or even as recently as a couple of years ago -- the returns on the stock have been nothing short

Futures tracking the Nasdaq 100 index jumped on Tuesday as technology stocks rebounded with easing concerns about the Omicron variant, while shares in chip giant Intel rose following plans to take its self-driving-car unit public.

South Korea battery maker LG Energy Solution's (LGES) planned initial public offering (IPO) is expected to raise at least 10.9 trillion won ($9.26 billion), Reuters calculations show, as it seeks funds to expand and meet booming demand for EV batteries.

Stellantis plans to generate around 4 billion euros ($4.5 billion) in additional annual revenue by 2026 and around 20 billion euros by 2030 from software-enabled products and subscriptions, the carmaker said on Tuesday.

Stellantis plans to generate around 4 billion euros ($4.5 billion) in additional annual revenues by 2026 and around 20 billion euros by 2030 from software-enabled product offerings and subscriptions, the carmaker said on Tuesday.

Tesla Inc CEO Elon Musk said on Monday that the U.S. Congress should not approve the Biden administration's bill to boost subsidies for electric vehicles (EVs), saying the proposal would worsen the country's budget deficit.

The U.S. Federal Trade Commission (FTC) on Monday argued that competition in the nascent markets for chips in self-driving cars and a new category of networking chips could be hurt if Nvidia Corp carries out its $80 billion purchase of Arm Ltd.

The Dow led Wall Street shares higher on Monday, as economy-linked banks and energy stocks charged back and fear about the Omicron variant eased, even as investors braced for another roller-coaster ride like last week's.

The Dow rallied over 1% on Monday as economy-linked banks and energy stocks roared back after sharp declines in the previous week, while Nasdaq struggled to keep pace as Nvidia dragged down chipmakers.

What happened Shares of Tesla (NASDAQ: TSLA) ran into a ditch Monday morning, sliding 4.8% as of 10 a.m. EDT on twin negative news items from Reuters and The New York Times.

Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the SPDR— Portfolio S&P 500— Growth ETF (Symbol: SPYG) where we have detected an approximate $316.1 million dollar inflow -- that's a 2.

The Dow jumped over 1% on Monday as economy-linked banks and energy stocks came roaring back after sharp declines in the previous week, while technology stocks struggled to keep pace as Nvidia dragged down chipmakers.

In a matter of weeks, many growth stocks have gone from hot to cold over fears of an economic slowdown, the omicron COVID-19 variant, and valuation concerns.

The U.S. securities regulator has opened an investigation into Tesla Inc over a whistleblower complaint that the company failed to properly notify its shareholders and the public of fire risks associated with solar panel system defects over several years, according to a letter from the agency.

Tesla (TSLA) has revealed that its much-awaited Cybertruck will launch in an advanced, four-motor variant, according to Reuters.

First declared in 2019, the vehicle production is expected to begin next year and achieve volume production in 2023.

Tesla designs, manufactures, and sells fully electric cars, solar energy generation systems, and energy storage products. TSLA shares were down 6.4% on December 3 to close at $1,014.97. (See Tesla stock charts on TipRanks)

CEO Comments

In a tweet, Tesla CEO Elon Musk said, “Initial production will be 4 motor variant, with independent, ultra-fast response torque control of each wheel.”

Further sharing his excitement on the electric pick-up truck with “insane technology bandwagon,” Musk added that the Cybertruck will feature both front and rear-wheel steer that will "not just (turn) like a tank – it can drive diagonally like a crab.”

Notably, Musk confirmed receipt of several hundred thousand orders for the Cybertruck when it opened for preorders. Musk will declare further updates on the product roadmap in the next earnings announcement.

Cybertruck will compete with pickup trucks like GMC's (GM) Hummer EV, Ford's (F) F-150 Lightning, and Rivian's R1T.

Wall Street’s Take

Consensus among analysts is a Hold based on 12 Buys, 6 Holds, and 7 Sells. The average Tesla price target of $938.52 implies a 7.5% downside potential from current levels.

Website Traffic

TipRanks’ Website Traffic tool, which uses data from SEMrush Holdings (SEMR), the world’s biggest website usage monitoring service, offers insight into TSLA’s performance.

In October, Tesla website traffic recorded a 13.17% year-over-year decline in monthly unique visits. However, year-to-date website traffic growth increased by 1.7%, compared to the same period last year.

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