Tesla (TSLA) has endured significant volatility, enduring an executive departure and persisting layoffs including interns. Despite buoyant stock responses to rumors of China approving its Full Self-Driving technology or the company riding AI wave, the stock has faced declines. Disappointing Q1 2024 earnings, missed expectations, Cybertruck recalls, an abrupt rise of layoffs and declined sales in China have contributed. The US DOJ are probing Tesla's Autopilot system, adding to a growing perception of instability. Elon Musk, visionary CEO has issued contradictory statements about superchargers in light of mass layoffs, drawing criticism and attributing risk. Musk claimed that Tesla's Full Self-Driving (FSD) tech is preferential compared to Mercedes and also announced a $500M investment into Tesla's Supercharger network by 2024. Amid this uncertainty, some analysts believe the TSLA stock is overvalued. Conversely, the popularity of Tesla's products persists with the company emerging as Luminar's biggest Lidar Customer, contradicting Musk's past critiques of Lidar technology.
Tesla TSLA News Analytics from Fri, 23 Feb 2024 08:00:00 GMT to Fri, 10 May 2024 14:46:09 GMT -
Rating -6
- Innovation 5
- Information -2
- Rumor 2
