Tesla, stock
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The Tesla (TSLA) chief executive and former head of the Department of Government Efficiency has been on what analysts have described as an apology tour after his much-publicized falling out with President Donald Trump.
Tesla is expected to launch its robotaxi service in Austin, Texas, as soon as this week, with the electric vehicle maker's stock in need of positive news after a week marked by political strife between CEO Elon Musk and President Trump.
Tesla stock extended its rally for a fourth straight session Wednesday as tensions between Musk and President Trump appeared to ease.
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Worried About Tesla's Robotaxi? These Two Words From Nvidia CEO Jensen Huang Might Change Your Mind.
Tesla would need to grow earnings at a very high rate over an extended span to justify its current stock multiple.
Tesla stock traded higher early Wednesday as shares continue to recover from last week's sell-off with the feud between Elon Musk and President Trump cooling down.
The robotaxi concept and the FSD that powers it are potentially a huge earnings driver for Tesla. One of Tesla's most vocal and visible supporters, Cathie Wood's Ark Invest, which expected a valuation of $2,600 per share for Tesla in 2029, relies on a model that prescribes 88% of the company's value from robotaxis, compared to just 9% from EVs.
The CPI gives the latest update on consumer inflation, President Trump’s trade team is back from talks with China and Tesla CEO Elon Musk sets the stage for the debut of the long awaited robotaxis. FOX Business is providing real-time updates on the markets,
Tesla faces an existential test this month as it aims to launch self-driving “robotaxis” in its home base of Austin, Texas, where public-safety officials are increasingly concerned about the state’s anti-regulation stance toward autonomous vehicles.
A bottomless well of money and an ability to hypnotize Wall Street with promises of an autonomous driving future. He’s starting to run into the limits of both.
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Tesla shares have surged in anticipation of the launch of the company's robotaxi service in Austin, Texas, this week. Goldman Sachs says Tesla has advantages in the AV market, but questioned its ability to meet CEO Elon Musk's targets.