Tesla (TSLA) shares are up about 110% in 2023, but there are a few things that could keep powering the stock forward into next year. Yahoo Finance’s Madison Mills breaks down potential catalysts for Tesla that investors should keep an eye on in 2024, including the Cybertruck, a possible $25,000 car, and its Dojo supercomputer. For more Yahoo Finance coverage of Tesla: Morgan Stanley, Starbucks, Tesla: 2024 leadership in focus Tesla: Is Elon Musk too distracted by his other companies? Tesla is 'the AI company': Analyst Tesla: Car buyers missing out 'because they don't like Elon' Musk's social commentary hurting Tesla, other brands: Bill George For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live...
Continue ReadingWith just a few days left in 2023, Deepwater Management's Gene Munster looked back at his 2023 tech predictions and listed his expectations for what the sector might look like in 2024. The bulk of his 2023 predictions, including waning electric vehicle sales, market performance and Apple tech launches, panned out. Munster additionally predicted that exercise equipment company Peloton will be acquired by Apple, as the latter seeks to expand its exercise tech segment into fitness equipment...
Continue ReadingVarious companies have experienced a changing of the guard in leadership in 2023. With 2024 just days away, these companies and fresh CEOs prepare to face new challenges. Three companies in particular are in focus for many investors next year — Morgan Stanley (MS), Starbucks (SBUX), and Tesla (TSLA). Morgan Stanley will have new leadership in CEO Ted Pick, succeeding James Gorman who will stay on as executive chairman for one year. Pick has been with the company since 1990, starting as an analyst and was involved in capital-raising activities during the 2008 financial crisis. Starbucks CEO Laxman Narasimhan will face ongoing challenges in handling growing unionization efforts across Starbucks locations nationwide. Ongoing union pushes and calls for boycotts, which have reportedly cost the coffee chain $11 billion in value, will be an uphill battle for Narasimhan. Lastly, Tesla CEO Elon Musk will be under close watch as multiple headwinds for the company mount including massive recalls, unionization efforts in Europe, and Musk's time spent as leader of multiple companies including the Boring Company and X.com (formerly Twitter). Yahoo Finance Anchors Brad Smith and Brian Sozzi break down the latest developments with these company leaders and the challenges they will face in 2024. For more Yahoo Finance coverage of Tesla: Tesla: Is Elon Musk too distracted by his other companies? Catalysts for Tesla stock in 2024 Tesla is 'the AI company': Analyst Tesla: Car buyers missing out 'because they don't like Elon' Musk's social commentary hurting Tesla, other brands: Bill George For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live...
Continue ReadingTesla (TSLA) investors have been increasingly anxious about CEO Elon Musk's focus on the EV maker while juggling his various other projects and companies, including X, SpaceX, and the Boring Company. Yahoo Finance Live examines potential distractions for Musk and whether these priorities could weigh down Tesla's stock and its EV production goals heading into 2024. For more Yahoo Finance coverage of Tesla: Morgan Stanley, Starbucks, Tesla: 2024 leadership in focus Catalysts for Tesla stock in 2024 Tesla is 'the AI company': Analyst Tesla: Car buyers missing out 'because they don't like Elon' Musk's social commentary hurting Tesla, other brands: Bill George For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live...
Continue ReadingThe Dow Jones rose Thursday after initial jobless claims. Cathie Wood shook up her bitcoin-related positions, selling COIN stock...
Continue ReadingTesla is heading into next year on a high note as its stock has more than doubled in 2023. Media reports of a robot injuring a worker at one of its factories aren’t putting off market analysts, who are more interested in the electric-vehicle company’s next delivery figures. Tesla didn’t respond to a request for comment, but CEO Elon Musk pointed out via a tweet that the machine involved in the incident was a robotic arm common in manufacturing plants...
Continue ReadingTesla CEO Elon Musk has made no secret about his disdain for the mainstream media in recent years. Despite numerous appearances on some of the most high profile media outlets in exclusive interviews and conversations, on X, formerly known as Twitter, Musk plays heavily to the anti-media crowd. Like any fallible human being, some of Musk's criticisms are spot on, while many others miss the mark entirely...
Continue ReadingTesla continues to be a controversial and enigmatic stock. Technically, Tesla has broken out of a symmetrical triangle pattern (dotted lines). The bullish breakout surpassed our secondary entry point for the stock, meaning we now have a normal-sized position...
Continue ReadingChinese consumer electronics and smartphone giant Xiaomi Thursday unveiled its first foray into the electric-vehicle market: the Xiaomi SU7. During the event Founder and CEO Lei Jun revealed the company's ambition to grow Xiaomi into one of the world's most prominent automakers...
Continue ReadingBuying and holding for the long term is a lot easier when you own great companies...
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