Tesla appears to be moving closer to officially unveiling its long rumored India manufacturing plant, with local reports Thursday expecting the announcement to come early in 2024. TSLA shares advanced early before falling, reducing their December rally. The global EV giant is expected establish its latest factory in Gujarat, situated on the western coast of India, with the official unveiling taking place during the "Vibrant Gujarat Summit" in January, local media reported Thursday...
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Continue ReadingPrice cuts slashed profits in 2023 with the core Tesla EV business facing a challenging 2024. But that isn't deterring Tesla stock bulls...
Continue ReadingInvestors should look at top and worst performers, and then consider stock and cash allocation strategies for 2024...
Continue ReadingChallenges for EV maker Tesla (TSLA) in 2024 could be exacerbated by CEO Elon Musk's many responsibilities as head of several companies and his remarks made on X.com. Gerber Kawasaki Wealth & Investment Management CEO Ross Gerber sits down with Yahoo Finance Live to talk about the lasting impact of Musk's behavior on Tesla's performance. "If Musk's behavior continues to get more and more extreme, that is a risk to Tesla sales," Gerber, a long-time Tesla bull, says. "But the bottom line... it's the best vehicle on the road, it's the best value on the road. So, consumers literally have to buy a lesser car because they don't like Elon." 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? Catalysts for Tesla stock in 2024 Tesla is 'the AI company': Analyst 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 ReadingAll eyes have been on Tesla (TSLA) CEO Elon Musk as of late, from his managing of his several other ventures — The Boring Company, SpaceX's Starlink satellite, X.com — as well as his controversial social commentaries. It seems as though Musk may be stretched too thin to lead Tesla to its goals against mounting challenges in 2024. Former Medtronic CEO Bill George joins Yahoo Finance to weigh in on Musk's image and capabilities as a leader going forward. "Investors that are going to look at the product and how it does, unless it is social commentaries, but I do think it's having an overall negative impact on his image," George states. "And, frankly, it's hurting people. And he needs to get back to a civil network, if he could take X... and make it more like LinkedIn where we had more civil discourse, it would be a lot better off." 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? Catalysts for Tesla stock in 2024 Tesla is 'the AI company': Analyst Tesla: Car buyers missing out 'because they don't like Elon' For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live...
Continue ReadingTesla CEO Elon Musk (TSLA) has come under fire for his comments on X (formerly Twitter). But Canaccord Genuity Managing Director George Gianarikas isn't concerned about what sort of impact it could have on the EV maker. Gianarikas argues that Musk's antics are not new and that "he's who you have to take in to invest in Tesla's stock." Tesla has missed some targets recently, but Gianarikas argues that when Musk is giving his goals, he's not just trying to please investors and Wall Street, but that "he's trying to inspire the three, four, five companies that he's the CEO of and he navigates." Gianarikas points to Tesla's full-self driving (FSD) technology. He thinks Tesla will succeed in meet its FSD goals. For example, Gianarikas says Tesla's FSD is relying "completely on AI to navigate their vehicle" and as a results he thinks Tesla is "the AI company because ultimately real world AI is about self driving. You are literally taking AI to navigate a vehicle from one place to the other. There's no more productive use of AI out there." 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? Catalysts for Tesla stock in 2024 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 ReadingChinese smartphone and device maker Xiaomi is targeting Porsche and Tesla with its just unveiled SU7 EV sedan...
Continue ReadingShares of Tesla Inc. shed 3.16% to $253.18 Thursday, on what proved to be an all-around mixed trading session for the stock market, with the Dow Jones.....
Continue ReadingTesla (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...
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