Nasdaq TSLA Tesla

A long call butterfly is entered when a trader thinks a stock will not rise or fall by much between trade initiation and expiration.

After Bitcoin (CRYPTO: BTC) crashed 65% in 2022, investors are surrounding it with a renewed sense of optimism. The price of the top cryptocurrency has soared 56% in 2023, almost double the gains of the Nasdaq Composite Index.

Tesla lowered the production target of its German plant to 4,350 a week in July and August after hitting 5,000 a week in March, and plans to reduce it further, according to a Business Insider report citing internal documents and anonymous sources.

U.S. stock index futures climbed on Wednesday, with the spotlight firmly on Nvidia quarterly results due later in the day that could potentially reignite an artificial intelligence-fuelled rally in megacap growth stocks this year.

No one knows where the markets are headed this year or next, but investors don't have to time the market to be successful. When the markets get choppy, you can almost never go wrong by putting money to work in companies that dominate their industries and still have opportunities

Xiaomi Corp has won the approval of China's state planner to manufacture electric vehicles (EVs), said two people with knowledge of the matter, marking a major step towards the smartphone maker's goal of producing cars by early next year.

Shares of electric vehicle (EV) pioneer Tesla ( NASDAQ:TSLA ) are taking a breather alongside the broader basket of high-tech plays in this late-summer cool-off. The stock is now down just over 20% from its July 2023 peak and around 43% from its 2021 all-time high. As negative momentum builds on itself, it could be time for investors who are still up to take profits rather than double down on a name with a valuation that's becoming increasingly difficult to justify. Further, as macro headwinds stand to worsen, there's a good chance Tesla stock's losing streak could extend further, perhaps to January's ominous lows of around $113, as valuations in the tech scene look to contract yet again. For now, I have to be bearish on the stock while it's trading for around $233 and change per share. Not only are tech valuations coming down again, but Tesla's status as a top tech innovator could come into question again if it's unable to launch new game-changing technology. Sure, the robotaxi opportunity, which innovation investor Cathie Wood has factored into her financial models, could possibly justify Tesla stock's premium price tag. Until recently, such an opportunity has been viewed as a tad too forward-looking. After all, Wood is an innovation investor who's been known to look farther into the future than most other analysts on Wall Street! Still, even if self-driving tech has improved by leaps and bounds in recent years, there are still a lot of regulatory hurdles to jump through before mass adoption can be achieved. In that regard, it may be too early in the game to factor in the potential of autonomous driving when it comes to Tesla stock. The Robotaxi Market May be Coming, but It's Likely to be Crowded Given recent advances in artificial intelligence (AI) and the green light for select robotaxis to roam in San Francisco, upbeat robotaxi projections may not be nearly as outlandish as previously thought. That said, it's still hard to tell which companies will dominate the roads and what profitability prospects will be like down the road. In other words, even if robotaxis are destined to roam the roads gradually over the next few years, Tesla is unlikely to be the sole option for those seeking a driverless lift. Personally, I'd be more willing to put my money in Alphabet's ( NASDAQ:GOOGL ) Waymo than Tesla. Why? Because Alphabet is one of the world's top AI innovators that can tackle a broad range of complicated problems, including self-driving. The stock also goes for a cheaper multiple at 27.12 times trailing price-to-earnings, well below Tesla stock's multiple of over 67. As Tesla looks to do its best to build superior self-driving technology, it'll need to play defense as traditional EV makers catch up. General Motors ( NYSE:GM ) has already made major strides to catch up to Elon Musk's EV empire. Only time will tell if Tesla can maintain the pace of innovation to keep users from considering alternative options with their next EV purchase. If it can't keep the innovations coming quickly, its moat could quickly erode, and its stock could find it difficult to shift gears out of reverse. Competition Still Looks Quite Fierce Unlike the chip industry, which can be notoriously difficult to compete in when playing from behind, the EV market could see numerous underdogs making major ground on the leaders. Old-school automakers like GM have reinvented themselves in electrifying fashion over the past several years and are in a spot to claw back market share over the next decade or so. Up ahead, Tesla's Cybertruck launch will put the firm in the driver's seat of the pickup market. Some analysts, like Ben Kallo of Baird, view the Cybertruck as a potential catalyst for the stock. With a potential recession on the horizon, I'm not so sure the offering will be able to make much of a dent in a market that's been dominated by traditional automakers that are also looking to electrify their fleets. As General Motors and other auto rivals step up the competition on the EV and autonomous-driving front, Tesla stock could find itself enduring another one of its vicious valuation resets. Tesla's 67 times P/E multiple is still miles above the auto manufacturer industry average P/E multiple of 12.6. Is Tesla Stock a Buy, According to Analysts? On TipRanks, TSLA stock comes in as a Moderate Buy. Out of 28 analyst ratings, there are 10 Buys, 13 Holds, and five Sell recommendations. The  average Tesla stock price target is $253.77, implying upside potential of 8.8%. Analyst price targets range from a low of $24.33 per share to a high of $350.00 per share. The Bottom Line on Shares of Tesla Tesla stock is a long way from its peak, but shares still look frothy at these levels. Pending a market-leading robotaxi service or any other technological breakthrough, I find Tesla stock's valuation to be too rich for even the most aggressive growth investors. Disclosure 

Among the underlying components of the Russell 3000 index, we saw noteworthy options trading volume today in Tesla Inc (Symbol: TSLA), where a total of 1.9 million contracts have traded so far, representing approximately 194.9 million underlying shares. That amounts to about 1

VinFast's shares more than doubled on Tuesday to the highest since Vietnamese electric vehicle maker's blowout Wall Street debut after Reuters reported that South Korea's Star Group Industrial plans to open factory in Vietnam.

Wall Street delivered downbeat performances last week due to rising rates. The tech-heavy Nasdaq Composite, which tumbled for the third successive week — the first time since December (per CNBC) — suffered the most among the three

What you need to know… The S&P 500 Index ($SPX ) (SPY ) today is down -0.04%, the Dow Jones Industrials Index ($DOWI ) (DIA ) is down -0.32%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is up +0.04%. Stocks this morning are mixed. Tech stocks are supporting...

Tesla is the world's largest seller of battery electric vehicles. Elon Musk is the company's biggest shareholder, and the outspoken CEO also has a stake in several other companies.

Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the iShares Russell 1000 ETF (Symbol: IWB) where we have detected an approximate $144.8 million dollar inflow -- that's a 0.5% increase week over week i

Wall Street's main indexes pared gains on Tuesday, as U.S. Treasury yields rose on growing worries about interest rates staying higher for longer, while gains in Nvidia shares fizzled out in the run up to the chip designer's earnings.

Shares of Tesla TSLA bounced back to start the week following six consecutive losses, as fears of declining margins were outweighed by positive developments including the launch of the highly-anticipated Cybertruck.

Morning Markets September E-Mini S&P 500 futures (ESU2 3) this morning are up +0.60%, and Sep Nasdaq 100 E-Mini futures (NQU2 3) are up +0.85%. Stock indexes this morning are moderately higher, led by strength in technology stocks. Nvidia is up more than +2% in pre-market trading, adding to Monday’s...

Wall Street was set to open higher on Tuesday as optimism around Nvidia's keenly awaited earnings report kept megacap growth stocks on a strong footing, while a pullback in yields on longer-dated government bonds also provided some support.

Wall Street delivered downbeat performances last week due to rising rates. The tech-heavy Nasdaq Composite, which tumbled for the third successive week — the first time since December (per CNBC) — suffered the most among the three

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