Tesla (TSLA) has gone through several significant changes as indicated by recent reports. The company has seen another round of layoffs and internal restructuring, which included plant closures and the release of numerous employees. There are rumored extensive layoffs that are yet to be initiated. Despite these unsettling developments, its stock has seen occasional rallies possibly due to Elon Musk's attempts to convince high-profile investors like Warren Buffet to partake in Tesla. It is also reported that the company has paused production at its German Gigafactory for reasons yet to be shared. Regrettably, the automaker's earnings fell short of expectations for Q1 2024, overshadowed by its focus on cheaper cars. As a way to manage excess inventory, the company resorted to deep discounts, which stirred mixed reactions from investors. The company also made strides in autonomous driving when it introduced Optimus Robot, which garnered attention. Unfortunately, Tesla witnessed an 8.5% drop in its deliveries, and this, coupled with a slew of strategic realignments, prompts the question whether Tesla is a Buy or Sell intent. There have been controversies, such as Elon Musk’s pay package and the mysterious departure of a significant number of interns. Interestingly, Tesla (NASDAQ:TSLA) Sued Tesla Power India, and more intriguingly, Elon Musk even suggested that Warren Buffet should buy Tesla stock. Despite all these, Tesla is still considered an AI titan with valuations soaring independent of reality. Shares rallied 20% since Q1 earnings amid realignment of the company's strategies.
Tesla TSLA News Analytics from Tue, 13 Feb 2024 08:00:00 GMT to Wed, 08 May 2024 06:22:11 GMT -
Rating 2
- Innovation -4
- Information 1
- Rumor -6
