Musk to Combine SpaceX, xAI
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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 is making some drastic moves to position its business for the future.
The SpaceX-xAI merger means that Tesla now owns a small piece of the combined company.
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.
Tesla experienced drops of 54% in 2018, 61% during the Covid crash, and 74% in the recent inflationary shock. Despite robust growth, these steep declines illustrate that considerable risk is ever-present. View TSLA Dip Buyer Analyses to understand how the stock has rebounded from significant declines in the past.
Tesla stock (NASDAQ: TSLA) tumbled over 3.5% in the early trading on Monday as the electric carmaker confronts a convergence of structural headwinds. The Elon Musk-led company is going through multiple issues at once,
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.
Tesla has faced challenges in the past. Its stock has dropped over 30% within less than 2 months on as many as eight separate occasions in recent years
Tesla has a history of making big promises.
Tesla is navigating weak vehicle demand but pivoting toward robotics and autonomy, driving a more constructive outlook. Learn why TSLA stock is a Hold.