Tesla's (NASDAQ:TSLA) recent activities reveal a blend of innovative actions and concerning developments. It makes another attempt to establish a stable position in
China, while there are concerns over its cash position.
Elon Musk has invited
Warren Buffet to hold a stake in Tesla, resulting in a stock price rally. His comments also suggest Musk is positioning the company as an AI entity and eyeing self-driving taxi tests in China. The company saw some turbulence with reports of another round of layoffs, insider sells, and plant closures. The Q1 report citing that 'Full Self-Driving' is a crucial consideration for the company, and that the company might start paying dividends could be potential game-changers. Tesla's
China-made EV's sales have declined, and it's also facing a potential probe by the DOJ. With stocks rallying by 20%, whether to buy Tesla's stocks remains a question. Musk's behavior is viewed as turning Tesla into a meme stock, and Musk called for Buffet to invest in his company. Despite price cuts, Tesla's stocks have fallen and are cited to be in 'No Man's Land'. There is a hint of the company preparing for large layoffs. The innovative and strategic moves of the company have been overshadowed by the struggles it is facing currently.
Tesla TSLA News Analytics from Wed, 24 Jan 2024 08:00:00 GMT to Thu, 09 May 2024 06:51:22 GMT -
Rating 0
- Innovation 8
- Information 6
- Rumor -8