Andrii Yalanskyi/iStock via Getty Images Article Thesis The broad market was up strongly during the first quarter of the current year, but not all stocks participated. In this article, we will take a look at the three biggest laggards and the reasons for their underperformance in order to evaluate whether they could be positioned for…
jetcityimage Tesla (NASDAQ:TSLA) has had a very difficult year so far. Since the middle of 2023, the company has seen its share price fall almost 45% from the peak in July of 2023. Data by YCharts Today, in this article, I will share where I think Tesla is today, whether the current valuation justifies where…
Xiaolu Chu Investment thesis: Having established itself as a dominant, profitable EV producer, Tesla (NASDAQ:TSLA) recently moved on to the next phase in its competition with emerging EV producers, namely an increasingly brutal fight for market share. With the backing of solid profit margins, it can afford to undercut competitors, especially in the Developed World,…
As a result of all the challenges faced by Tesla, its long-time partner Panasonic is also bearing losses. It has lowered its full-year operating profit forecast for its battery unit to ¥115 billion ($771 million) from ¥135 billion, as the demand for Tesla EVs in North America slowed down. Shares of Tesla Inc (NASDAQ: TSLA) have…
Nathan Howard I cautioned Tesla, Inc. (NASDAQ:TSLA) investors in my previous article in August to be wary, even as it surged into its July 2023 highs, which has panned out accordingly. I reminded holders that TSLA was still “slightly overvalued,” and its price action wasn’t favorable, as it didn’t offer an optimal entry zone. However,…
Despite Tesla missing the mark, the company’s revenue grew by 9 percent YoY to $23.4 billion fueled by growth in vehicle deliveries. Tesla Inc (NASDAQ: TSLA) shares closed Wednesday trading at $242.68, down 4.78 percent from the day’s opening price. The TSLA losses continued during the extended trading period with a drop of about 4.24…
The downtime for the Tesla factory upgrades caused the decline in production and deliveries of electric vehicles in the third quarter compared to the second and first quarters. Tesla Inc (NASDAQ: TSLA) shares closed Monday trading at $251.60, up 0.55 percent from the day’s opening price. The slight gain added to the impressive YTD performance…
Tesla is likely to decide on a breakthrough method of die casting multiple sections of its EVs to reduce cost and improve production. Tesla Inc (NASDAQ: TSLA) has reportedly figured out a technological breakthrough that will transform the process of making electric vehicles. Fine-tuning the process will help Tesla cut production costs considerably. Tesla stock…
Morgan Stanley had to upgrade its target price for Tesla shares for the next 12 to 18 months, from $250 to $400. Following a Monday report of an upgraded prediction by Morgan Stanley analysts, Tesla shares have now gained 10.09%. In an optimistic note to investors, the investment bank shared how it foresees the electric…
Spencer Platt/Getty Images News Tesla’s (NASDAQ:TSLA) stock has been on a steady decline since the company reported its Q2 earnings results a month ago. While we’re currently seeing a slight rebound in share price, the company faces several headwinds that could prevent further appreciation in the upcoming weeks. Even though Tesla has reported decent results…