Tesla (TSLA) has remained in the spotlight with a series of events, affecting the company’s stock value with swings. Leadership changes, including significant departures from the company, and rounds of layoffs have adversely affected the firm's share prices. Revelations of these cuts were coupled with concerns over the progress of self-driving and supercharging technologies. Elon Musk also announced a $500M investment to expand Tesla's supercharging network in 2024. Notably, Citi has slashed its price target on Tesla's stock, which faced a recall of its Cybertruck model. Despite turmoil, Tesla surges on reports of its Full Self-Driving technology getting sanctioned in China. Despite some negative sentiment, Tesla announced plans to commence production of a more affordable EV model by early 2025. Legal complications arise as the company faces a potential investigation by the DOJ into fraud. Investors show mixed sentiments as Tesla stock rallies 20% post Q1 2024 despite a strategy realignment. Tesla's Autopilot probe casts a shadow, which may potentially disrupt Biden's EV plans. However, the company asserts the expansion of its Supercharger network even amidst job eliminations, and BP announces a $1B investment in Tesla Superchargers.
Tesla TSLA News Analytics from Thu, 25 Jan 2024 08:00:00 GMT to Sun, 12 May 2024 21:00:00 GMT -
Rating -4
- Innovation 4
- Information 6
- Rumor -2
