Tesla's stock surged over 20% from July lows, closing at $367 on August 31 and officially entering a bull market. This rally is driven by investor confidence in Tesla's AI, Full Self-Driving, and robotaxi strategies, highlighted by the upcoming Cybercab event. While short-term technical indicators are positive, the stock remains below its 200-day moving average, signaling longer-term caution. Analysts hold a moderate buy consensus with an average price target of $385, though some see potential for a rise to $500 if Tesla advances in autonomy and robotics. Financially, Tesla reported strong revenue growth and record vehicle deliveries but faces margin pressure due to increased spending on AI and expansion.
Waymo criticized Tesla's pure AI camera-based system for full autonomy as unsafe, emphasizing the need for multiple sensors like lidar and radar for reliable self-driving. This comes just before Tesla's expected launch of its two-seater Cybercab robo...
Tesla stock fell 3% ahead of its Cybercab launch on September 3, reacting to mixed European vehicle registration data showing strong gains in France and Denmark but declines in Norway and Sweden. Despite a strong August rally and a 6% gain on Monday,...
Waymo has expanded its commercial driverless ride service to Denver, San Diego, and Tampa, marking its first operations in Colorado. Amazon's Zoox plans to start testing its autonomous vehicles with human supervisors in Houston and San Diego, aiming ...
Microsoft and Tesla enter September with contrasting financial results. Microsoft reported record revenue driven by Azure and Copilot, generating strong cash flow and a $678 billion backlog, signaling robust demand and profitability. Tesla achieved r...
Elon Musk is developing a massive chip manufacturing campus in Grimes County, Texas, touted as a $119 billion project but with only $16.8 billion confirmed for the first phase. The campus will be one of the largest buildings on Earth, supporting Tesl...
