Tesla, Elon Musk
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Ross Gerber said there are three problems he sees for the EV maker, and that the next six months will be crucial for Musk's company.
With headlines crowing that stock is either soaring or tanking, I thought I'd ask ChatGPT to explain what's going on with Tesla stock -- like I'm 12.
The stock is slumping today, however, as many investors shift their focus to the EV business itself. And the numbers don't look promising. Shares dipped as much as almost 5% Monday morning and remained lower by 3.3% as of 11:35 a.m. ET.
Lucid Group, Inc. offers long-term growth potential with Saudi partnerships and upcoming EVs. Click for why LCID is rated a Buy despite short-term uncertainties.
Tesla shares lost ground to start the week after posting gains in each of the previous four weeks, a period during which the stock rose 45%. These are the key support and resistance levels to monitor.
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Tesla's addition of Chipotle president Jack Hartung to its board of directors helped boost the stock last week. Hartung could aid the board in its quest to explore “alternative ways” to compensate CEO Elon Musk after a Delaware judge invalidated his $56 billion pay package.
Tesla is expected to provide more details about an affordable vehicle in June. That, more than Robotaxi, may be the biggest driver of Tesla’s stock price in the coming months.
Tesla's Chinese rival Xiaomi announced its electric SUV set to compete with Tesla's Model Y will be launched Thursday. TXNM Energy agreed to be purchased by Blackstone's infrastructure division for $11.5 billion in cash and debt.
Robyn Denholm sold Tesla stock in recent months while Elon Musk, the chief executive she oversees, worked for President Trump and alienated many car buyers.
Wolfspeed is preparing to file for bankruptcy within a matter of weeks, The Wall Street Journal reports, UnitedHealth stock gets a downgrade, and Target’s earnings miss analysts’ estimates.