Nasdaq TSLA Tesla

China’s electric vehicle (EV) maker, NIO, Inc. NIO has performed poorly on the bourses so far this year amid high interest rates and slower economic recovery in China, which impacted deliveries, particularly in the first half of 2

The NASDAQ 100 Pre-Market Indicator is down -46.62 to 16,765.23. The total Pre-Market volume is currently 60,406,382 shares traded.The following are the most active stocks for the pre-market session: ProShares UltraPro Short QQQ (SQQQ) is +0.0929 at $13.55, with 2,776,623 shares

Below is Validea's guru fundamental report for TESLA INC (TSLA). Of the 22 guru strategies we follow, TSLA rates highest using our Quantitative Momentum Investor model based on the published strategy of Wesley Gray. This momentum model looks for stocks with strong and consistent

Artificial intelligence (AI) was certainly a popular trend during 2023. Since the start of the year through mid-December, the tech-heavy Nasdaq Composite Index has had a total return of more than 40% -- handily beating the S&P 500.

If you're interested in broad exposure to the Consumer Discretionary - Broad segment of the equity market, look no further than the Vanguard Consumer Discretionary ETF (VCR), a passively managed exchange traded fund launched on 01

To be classified as a growth stock, a company should be developing new products or services that help it gain share in existing markets, enter new markets, or create entirely new ones. These characteristics often lead to increased earnings growth rates, providing investors a path

Wheels falling off cars at speed. Suspension collapsing on brand-new vehicles. Axles breaking under acceleration. Tens of thousands of customers told Tesla about a host of part failures on low-mileage cars. The automaker sought to blame drivers for vehicle ‘abuse,’ but Tesla documents show it had tracked the chronic ‘flaws’ and ‘failures’ for years.

Sales of electric cars in the European Union were almost half of all new passenger car registrations in the EU between January and November 2023 and already crossed the halfway mark in the month of November alone, data showed on Wednesday.

If any auto manufacturer is looking forward to brighter days ahead, it’s General Motors ( NYSE:GM ). Amid negotiations with the United Auto Workers (UAW), the legacy automaker had to deal with the fallout stemming from its autonomous taxi service Cruise. Involved in a number of accidents, GM made the difficult decision of suspending operations and laying off personnel. However, I am bullish on GM stock because the controversy allows management to focus on its core business. Putting the Crisis in Perspective for GM Stock To recap, in early October, CNN reported that a pedestrian was found critically injured and trapped underneath a Cruise-operated car. Moreover, as TipRanks mentioned last month, “Cruise’s operations dipped into troubled waters following several reports of its driverless vehicles colliding with pedestrians in San Francisco. As the complaints increased, the company took the decisive action of recalling its 960 robotaxis and halting operations.” On the surface, the situation appears awful for Cruise and, by logical deduction, GM stock. After all, the automaker invested heavily in autonomous driving technology, in part to keep pace with established leaders like Tesla ( NASDAQ:TSLA ). However, if driverless innovations continue to hit people, that raises public safety concerns along with heavy litigation risks. Such incidents also impugn the broader autonomous subsector. That said, context matters. Cruise and rival Waymo under Alphabet ( NASDAQ:GOOGL ) have logged millions of driverless miles. When accounting for the countless miles traversed without incident, some real evidence exists that autonomous driving tech as it stands now is on par with, if not superior to human driving capabilities. Also, it‘s fair to point out that not every incident involving Cruise’s cars suggests that the driverless platform was at fault. For example, in the October incident mentioned earlier, CNN reported that the pedestrian crossed the intersection when cars had the right of way. Also, the Cruise-operated car was the second vehicle to strike the victim. Nevertheless, perception has a way of becoming reality. With the public’s rush to judgment, General Motors arguably had little choice but to respond in a firm manner. Therefore, the subsidiary recently cut about 25% of its workforce. Across the board, this tragic incident casts a dark cloud. Still, for GM stock, it’s an opportunity to focus on what works and less on what doesn’t. A Possible Blessing in Disguise? To be 100% clear, public safety is paramount, and no one should dismiss the occasional problems that stem from autonomous technologies. In the same vein, we can’t lose sight of the pain and hardships that layoffs cause. Nevertheless, for GM stock, the driverless tech fallout could be a blessing in disguise. For one thing, truly autonomous vehicles could be decades away. Plus, the innovation might never materialize. That’s according to a 2021 op-ed by The Wall Street Journal. For years prior to the date of publication, several executives from various automotive-related enterprises opined that self-driving cars would effectively upend the paradigm of human-operated mobility. However, in more recent years, that bravado has died down conspicuously. Basically, for self-driving platforms to truly work as advertised, artificial intelligence will need to improve dramatically. Unfortunately, we’re just not there yet. To put it another way, little point exists for good money to chase after bad. In addition, consumers may be leery about putting their lives in the hands of a robot taxi driver. Plus, it’s General Motors’ controversy that may have contributed to public skepticism of autonomous mobility. Regardless, the public relations black eye will now allow General Motors to concentrate on truly viable endeavors. Over the intermediate to long term, that should be positive for GM stock. After all, the legacy automaker has a clear opportunity to establish a foothold in the EV market. Primarily, consumers trust General Motors, which should be huge in terms of sector adoption. Moreover, the company can electrify its popular combustion-powered brands. It’s already doing this with the Hummer and the Corvette. The only difference is that now, management can focus on its money-making initiatives rather than chasing a highly risky initiative. Again, this should be bullish for GM stock. Valuation May Entice Fence Sitters Finally, what could help swing the needle in favor of GM stock centers on its valuation. Right now, shares trade at a lowly trailing-year earnings multiple of about 5.0x. In contrast, the average price/earnings ratio of the auto parts and auto and truck dealership sectors clock in at 17.7x and 10.5x, respectively. No matter how you cut it, GM appears undervalued. Now, with the troubles that the automaker incurred – such as the labor union strike and the autonomy fallout – one could argue that GM stock may be a value trap. It’s vital not to casually ignore the risks of the industry as a whole, particularly under challenging economic conditions. Still, GM is technically more streamlined following the Cruise job cuts. As well, the company has a rich automotive portfolio that’s begging for an electric spin. For speculators, GM stock is at least worth consideration. Is GM Stock a Buy, According to Analysts? Turning to Wall Street, GM stock has a Moderate Buy consensus rating based on 14 Buys, four Holds, and one Sell rating. The average GM stock price target is $45.91, implying 28.5% upside potential. The Takeaway: GM Stock Can Focus on What Matters Despite Cruise's autonomous taxi woes, GM stock could rise thanks to a refocus on its core business. Layoffs streamline operations and free resources for the booming EV market, where GM's established brands and consumer trust give it an edge. A low valuation further sweetens the deal, making GM a potentially undervalued play despite economic headwinds. Disclosure

Tesla is not offering its employees yearly merit-based stock awards, Bloomberg News reported on Tuesday.

2023 was a mixed year for EV stocks; while Tesla stock soared, many others fell to record lows. SOLO and VinFast look like 2 EV names that investors can sell now before it gets to be too late to limit losses.

(RTTNews) - EV manufacturers, including Tesla (TSLA), Mercedes-Benz, Volkswagen, and Stellantis, have decided to provide full subsidy, after the German government declared its decision to terminate the subsidy program for electric vehicles on December 31, citing budget cuts.

Canada on Tuesday released final regulations mandating that all passenger cars, SUVs, crossovers and light trucks sold by 2035 must be zero-emission vehicles, part of the government's overall plan to combat climate change.

Canada on Tuesday released final regulations mandating that all passenger cars, SUVs, crossovers and light trucks sold by 2035 must be zero-emission vehicles, part of the government's overall plan to combat climate change.

Cases of technology-enabled stalking involving cars are emerging as automakers add ever-more-sophisticated features, such as location tracking and remote control of functions such as locking doors or honking the horn, according to interviews with divorce lawyers, private investigators and anti-domestic-violence advocates. Such abusive behavior using other devices, such as phone spyware or tracking devices, has long been a concern, prompting technology companies including Google and Apple to design safeguards into their products.

The adoption of electric vehicles (EVs) stands out as one of the most unmistakable trends in today's landscape of technological advancements. With analysts projecting that by 2030, two out of every three cars sold globally will be an EV, investing in the industry holds serious po

The NASDAQ 100 Pre-Market Indicator is up 10.13 to 16,739.93. The total Pre-Market volume is currently 34,708,820 shares traded.The following are the most active stocks for the pre-market session: Bristol-Myers Squibb Company (BMY) is +0.13 at $51.47, with 2,493,019 shares trade

Below is Validea's guru fundamental report for TESLA INC (TSLA). Of the 22 guru strategies we follow, TSLA rates highest using our Quantitative Momentum Investor model based on the published strategy of Wesley Gray. This momentum model looks for stocks with strong and consistent

While celebrating the company’s new and unconventional Cybertruck pickup, CEO Elon Musk predicted the truck would usher in a new, more exciting future.

If you're interested in broad exposure to the Consumer Discretionary - Broad segment of the equity market, look no further than the iShares U.S. Consumer Discretionary ETF (IYC), a passively managed exchange traded fund launched o