Tesla's (TSLA) European sale hit a 15-month low in Q2's beginning. The CEO Elon Musk's pay package is currently a topic of discussion with shareholder votes determining the next direction. Surprisingly, Tesla's stock surged by 6.6% due to a significant Semitruck update. Altimeter Capital increased its bet on Tesla's stock by 276%. Employee morale seems low amidst continuing layoffs at Tesla, a questionable factor behind an 11.1% increase in shares since the last earning report. The company's investing in Artificial Intelligence (AI) and construction of Shanghai Megafactory has been well received with a 6% stock jump. Nvidia's CEO praised Tesla's revolutionary AI use; however, the company suffered a low in European registrations. The controversial pay package of Musk faced criticism from a shareholder group. Tesla's future growth might largely depend on AI investments and the shareholder vote outcome. Meanwhile, Tesla's battery performance is in question, as indicated by a slow start in its European sales. Elon Musk's leadership remains key for Tesla's success. In other updates, Tesla Semi truck set for a 2026 launch could bolster its currently underperforming stock.
Tesla TSLA News Analytics from Tue, 13 Feb 2024 08:00:00 GMT to Thu, 23 May 2024 20:31:00 GMT -
Rating 5
- Innovation 3
- Information 6
- Rumor 2
