Tesla, Elon Musk
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Two of the most heavily covered stocks on Wall Street are the artificial intelligence chip king Nvidia (NASDAQ: NVDA) and the electric vehicle and robotaxi company Tesla (NASDAQ: TSLA). Certain Wall Street analysts say buy one and sell the other.
Due to Tesla's innovation and diversification, 24/7 Wall St. sees strong upside potential for the stock by the end of the decade.
Tesla reported third-quarter earnings after the close of trading on Wednesday. While revenue beat expectations, earnings fell short.
Tesla posted record quarterly revenue but its profit came in below Wall Street's expectations. The stock fell 4% after hours during the analyst call.
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Wall Street Price Prediction: Tesla’s Share Price Forecast for 2025
After soaring in 2023 and 2024, shares of Tesla (NASDAQ:TSLA) were battered throughout Q1 but performed marginally better in Q2. The largest U.S. EV-maker slid into Q3 but staged a comeback. Things have been looking better of late,
US stock market fell hard today as AI hype cracked. The Nasdaq plunged 1.9%, the S&P 500 slipped 1.1%, and the Dow lost 0.8%. Tesla slid 3.5% before Musks pay vote. Nvidia, Amazon, and Palantir also tanked as investors questioned AI valuations.
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US Stock Market Today: Wall Street Plunges; Tesla Shares Swing Ahead Of Musk $1T Pay Decision
Shares of Tesla Inc. opened in the red but soon erased losses to trade 0.44% higher at $464.76. The stock is facing volatility ahead of Tesla's annual meet which will begin shortly. As of 9:30 p.m. the stock had fallen nearly 3.88%.
Tesla faces declining core business performance, with Q3 net income down 37% and operating margins falling sharply year-over-year. See why TSLA stock is a Sell.
Elon Musk just made a series of impressive claims about what Tesla Inc. will be able to accomplish in the coming years. The Tesla CEO predicted his company’s humanoid robot, Optimus, will perform surgery with “beyond human” levels of precision,