(Reuters) -Tesla investors are bracing for a drop in first-quarter vehicle deliveries as a backlash against CEO Elon Musk's politics exacerbates weakening demand for the electric vehicle maker's aging lineup. Musk promised Tesla would return to growth this year after its annual deliveries fell for the first time in 2024, and Wall Street will be watching to see how a refreshed Model Y SUV and incentives made a difference. Tesla has been grappling with rising competition, especially in China and Europe, and protests against Musk's role overseeing cuts to federal spending as an adviser to U.S. President Donald Trump...
Continue ReadingTesla (NASDAQ: TSLA) stock has been under enormous pressure in recent weeks. After surging in the aftermath of the U.S. presidential election on hopes that CEO Elon Musk's cozy relationship with President Donald Trump would lead to a windfall for the electric vehicle (EV) company, the stock price has been on a downward slide since mid-December, falling nearly 45%. Musk's outspoken views on multiple issues as well as his work on a project for the Trump administration called the Department of Government Efficiency (DOGE) has damaged his reputation and has tied the Tesla brand up in political controversy...
Continue ReadingTesla stock has had a wild, mostly downhill, ride since President Donald Trump’s Jan. 20 inauguration. Tesla doesn’t need to top analyst delivery estimates for the stock to rise. Wall Street estimates tend to grow stale—not every analyst updates them at the same frequency...
Continue ReadingCathie Wood, who runs the Ark Invest collection of exchange-traded funds (ETFs), thinks the stock can rise nearly 10x from its current levels. Waymo and Lyft getting to the market ahead of Tesla also points to the company being behind on the autonomous driving front...
Continue ReadingTSLA's fundamentals are deteriorating, with double-digit EPS declines, flat revenue growth, and declining gross margins. Read why I maintain a Sell rating on TSLA...
Continue ReadingThe PGIM Jennison Growth Fund rose 6.5%, slightly underperforming the Russell 1000 Growth Index for Q4 2024. Click here to read the full commentary...
Continue Reading(Bloomberg) -- Elon Musk acknowledged that his job as head of President Donald Trump’s effort to cut the size of government is “costing me a lot” when it comes to his other big job, as CEO of Tesla Inc.Most Read from BloombergGold-Rush Fever Returns to Historic New Zealand Mining TownWhat Frank Lloyd Wright Learned From the DesertBank Regulators Fight for Desks as OCC Returns to New York TowerThese US Bridges Face High Risk of Catastrophic Ship StrikesCharter Schools, Colleges Push Muni Debt Dis...
Continue ReadingFor Q4 2024, the John Hancock U.S. Growth Fund underperformed the benchmark Russell 1000 Growth Index. Click here to read the full commentary...
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