tesla
Tesla Inc. (NASDAQ: TSLA) is once again in the spotlight, with Wedbush Securities forecasting a return to a $1 trillion market cap. Analyst Dan Ives believes that Tesla’s recent progress in achieving its autonomous driving and Full Self-Driving (FSD) vision could propel the company to new heights. With Tesla’s compensation package for CEO Elon Musk finalized, attention now turns to Musk’s incentivized ownership stake, expected to drive further innovation in AI and robotics—a pivotal area for Tesla’s future growth. Wedbush maintains an Outperform rating on Tesla with a price target of $350, und...
Invezz
Tesla shares surged 7% in premarket trading in New York on Thursday following the re-approval of CEO Elon Musk’s 2018 pay package by shareholders. The support for the package surpassed the required threshold, as announced by Musk on Wednesday night. Tesla shares hit $189.57 in premarket trading As of 4:23 am ET, Tesla’s stock rose 6.95% to $189.57. The shareholder vote reaffirmed the controversial pay package, which ties Musk’s compensation to the company’s performance milestones. This outcome has boosted investor confidence, reflected in the sharp rise in Tesla’s share price. The 2018 pay pac...
Invezz
EV giant Tesla Inc. (NASDAQ:TSLA) has faced a fresh setback as the National Highway Traffic Safety Administration announced on Thursday that the company is recalling over 125,000 vehicles due to a malfunction in the seat belt warning system. This news adds to a series of challenges the company has encountered in recent times, including efforts to gain full self-driving approval in China and labor-related issues in Europe. Recall concerns and business challengesThe recall, affecting various Tesla models from 2012 to 2023, underscores the importance of safety compliance in the automotive industr...
Invezz
Shares of Tesla Inc. (NASDAQ:TSLA) are currently trading near $178, reflecting a significant dip from its all-time high of over $400. However, this price is a recovery from its January 2023 low of around $100. While Tesla’s stock performance has been a roller coaster over the past few years, recent earnings and news has made it even more volatile. On Monday, Indonesia’s coordinating minister of investment announced that Elon Musk is considering an offer to build an electric vehicle (EV) battery plant in Indonesia. This potential investment aligns with Indonesia’s strategic push to leverage its...
Invezz
Tesla Inc., under the leadership of CEO Elon Musk, has reportedly canceled the nearly completed production of its anticipated low-cost electric vehicle (EV), the Model 2, according to a report by The Information released on Monday. This decision comes as a surprise as the vehicle was nearing the end of its development phase. Tesla’s engineering challenges and strategic pivotSources close to the development team revealed that Tesla’s engineers were confident in resolving the issues that had arisen during the vehicle’s development. However, Musk made a strategic decision to suspend the Model 2’s...
Invezz
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