Five Wall Street analysts reaffirmed their mostly bullish stance on Tesla stock for the next 12 months, with price targets ranging from $400 to $475. Despite some maintaining 'Hold' ratings, the outlook is supported by Tesla's strong Q2 production and delivery numbers, and positive safety ratings for the Model Y. Tesla shares have dropped 10% year-to-date but show signs of a potential reversal since April, with a current market cap around $1.5 trillion. Analysts expect the stock to meet or exceed these targets in the near term.
Michael Burry, known for predicting the 2008 housing crash, has initiated a short position on Micron, arguing the stock is overvalued after a 209% rally this year. He highlights Micron's history of severe price drops, weak profitability metrics, and ...
Amazon is advancing its AI efforts by developing new generations of screenless, AI-enabled devices centered around an upgraded Alexa assistant called Alexa+. This assistant aims to be more contextual and integrated into daily life, moving away from t...
A Texas man using Tesla's autopilot crashed his Model 3 into a house at high speed, killing a 76-year-old woman inside. Michael Butler was charged with manslaughter and is held on $150,000 bond. The National Highway Traffic Safety Administration is i...
Tesla's stock fell about 8% after the company reported delivering 480,126 vehicles in Q2, surpassing analyst expectations of 406,000 and showing strong sales recovery in Europe. Despite this, investor confidence remains shaky, highlighted by Michael ...
Tesla reported second quarter vehicle deliveries of 480,126, surpassing Wall Street expectations and marking a 25% increase from the same period last year. The majority of deliveries were Model 3 and Model Y vehicles, totaling 467,762 units. Producti...
