Elon Musk’s quick visit to China paid immediate dividends, with Tesla Inc. receiving in-principle approval from government officials to deploy its driver-assistance system in the world’s biggest auto market.
Elon Musk has won some breathing room. The boss of electric automaker Tesla’s surprise weekend visit to Chinese premier Li Qiang may pave the way for its assisted-driving technology to roll out in the country.
To be blunt, 2024 hasn't been kind to Tesla shareholders. While most of the company's " Magnificent Seven " peers have generated nice share price gains so far this year, Tesla shares are down about 23% as of this writing.
Tesla shares remain in focus Tuesday after jumping 37% in the past five trading days amid news that the EV maker plans to accelerate production of new models and has reportedly won tentative approval to deploy its Full Self-Driving system in China.
One could argue that Tesla has already "won" the charging game, now that everyone else has agreed to adopt Tesla's NAC technology as the standard for charging. And one could say t
Tesla stock was down 5.5% Tuesday, while the S&P 500 and Nasdaq Composite had slipped 1.1% and 1.3%, respectively. Reports of more layoffs at Tesla and the departure of two execut
Tesla reported its first-quarter earnings after market hours on Tuesday, and they didn't look good at all. Revenue declined by 9% year over year, while non- GAAP (adjusted) earnings plummeted by nearly 50%.
BofA analyst reiterates Buy rating on Tesla, citing near-term catalysts like China breakthrough, Robotaxi event, new product launch, and FSD licensing. Potential for significant earnings benefit and competitive advantage.
Tesla CEO Elon Musk cancelled his meeting with India PM Modi last week, and instead went to China to make progress towards an advanced driver assistance package.