SpaceX, xAI and Tesla
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As Tesla reports quarterly earnings, investors are focused less on cars and more on Musk’s robots and rockets.
For Tesla (NASDAQ:TSLA) and its investors, the times are changing rapidly. Although Tesla started out as an electric vehicle (EV) manufacturer first and foremost, CEO Elon Musk now seems to be focused on artificial intelligence (AI) and Optimus robots.
Quick Summary ChatGPT thinks Tesla stock could trade lower over the next 60 days, projecting an average price around $456 by mid-April. Investors looking to trade the stock can build exposure incrementally using commission-free fractional shares on SoFi,
Tesla has a history of making big promises.
Retail investors get to submit questions to be answered by the Tesla CEO. Their votes show shareholders are most interested in how they’ll be prioritized if SpaceX goes public.
Initially, when electric-car maker Tesla (NASDAQ: TSLA) released its fourth-quarter results, the stock popped. But shortly after the market opened on Thursday, the stock's return for the day turned negative. This has added to the stock's weakness in recent weeks. As of this writing, the stock is down more than 11% over the past month.
CEO Elon Musk recently provided encouraging updates on Tesla's autonomous driving and humanoid robotics technology.
Tesla, Inc. faces deteriorating fundamentals and an increasingly challenging risk-reward profile at current valuation. Read more on TSLA stock here.