Tesla Stock Rises on Musk’s Commitment to Stay
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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.
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.
Shares in Tesla Inc. recently traded nearly 2% higher, even as the S&P 500 index dipped, as Chief Executive Elon Musk said he planned to cut back on his political spending and declared that the car company’s sales are improving.
Tesla's Q1 2025 revenues declined 9%, with operating margins barely positive, raising concerns about its current financial strength.
Tesla (TSLA) shareholders' faith in Elon Musk has been rewarded many times over. Over the last five years, Tesla shares have increased more than 530%, so it's no wonder that shareholders voted to give Musk an 11-figure compensation package,
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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.
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 shares opened the week down as part of a broader market decline that comes after Moody's Ratings downgraded its view of the United States' creditworthiness late Friday.
Management may continue to dangle the carrot of new prototypes to keep shareholders happy. Cathie Wood may still have a price target of $2,600. But smart investors know that a stock follows its fundamentals over the long term, which is why Tesla stock is much more likely to crash than soar at current levels. Don't buy it for your portfolio today.
Investors will parse Musk’s recent words for days, looking for clues about Telsa’s robo-taxi rollout and AI development.
Shares of Contemporary Amperex Technology Co., or CATL, soared more than 16% in their Hong Kong trading debut Tuesday after the Chinese electric vehicle battery maker raised more than $4.5 billion in the world's largest listing this year.