Tesla (TSLA) is consistently maintaining its relevance in the market, albeit with numerous challenges and intensive focus on AI and Robotics. The company is not only selling cars but also full self-driving (FSD) capabilities, granting it an important position in the tech sector. However, Tesla's stock has taken a considerable plunge, with its share price falling by as much as 29% year-to-date.
Furthermore, Tesla's workforce reduction has raised eyebrows, with the company cutting 10% of its staff in Norway and launching another round of layoffs. The recent recall of the Cybertruck following missed Q1 expectations has also undoubtedly impacted the stock's performance. However, buoying investor sentiment is Elon Musk's ambitious plan for an affordable new EV by 2025.
Significantly, the approval round for the expansion of the Berlin Gigafactory, as well as reports of a planned Data Center in China to enhance AI training for self-driving systems, demonstrate a strategic push towards global expansion. Controversially, legal experts suggest Tesla can't replicate Musk's pay package, even as the debate on Musk's significant potential $46 billion payday continues. Many are curious about the long-term option of Tesla, highlighted by the ever-evolving narrative around this global tech giant.
Tesla TSLA News Analytics from Wed, 30 Aug 2023 16:07:59 GMT to Sun, 19 May 2024 22:56:52 GMT - Rating -2 - Innovation 6 - Information 8 - Rumor -3
