Tesla's stock dropped more than 7% following a disappointing Cybercab launch that lacked key details like pricing and order mechanisms. Analyst Gordon Johnson from GLJ Research reiterated a 'Sell' rating and set a 12-month price target near $24, implying a potential 93% drop from current levels. Another analyst from Wells Fargo also maintained a 'Sell' rating with a $130 target. Despite mixed analyst views, Tesla's stock has fallen nearly 20% year-to-date, reflecting concerns over the company's autonomous vehicle progress and premium valuation.
Tesla's stock fell 6% following a Cybercab update event that failed to excite investors. The Cybercab, a driverless robotaxi in production since April, was showcased in a private event without CEO Elon Musk. The National Highway Traffic Safety Admini...
Tesla held a low-key event to introduce its Cybercab, a fully autonomous vehicle relying solely on cameras and AI, aiming to be more affordable than competitors like Waymo. Key details include restrictions on children under 13 riding in the Cybercab,...
The Schwab U.S. Large-Cap Growth ETF (SCHG) heavily concentrates its portfolio in just three tech giants—NVIDIA, Apple, and Microsoft—making up nearly a third of its holdings. Despite being marketed as a diversified large-cap growth fund, this concen...
Tesla launched its Cybercab, a vehicle without a steering wheel or pedals, by self-certifying its legality without prior regulator approval. The National Highway Traffic Safety Administration (NHTSA) has opened an audit to examine Tesla's certificati...
Tesla has started pilot production of its driverless Cybercabs in Austin, marking a key step toward volume production targeted for 2026. Despite the rollout being less dramatic than expected, Tesla's stock rose 6% for the week. Meanwhile, prediction ...
