Tesla (TSLA) has been the subject of much market activity and expert commentary recently. Financial institution
Mizuho and financial services firm
Citi raised their price targets on Tesla stock, while
Goldman Sachs followed suit, despite seeing potential downside. A significant talking point has been the reported delay in the reveal of Tesla's
Robotaxi which led to stock tumbling and downgrades from
UBS citing the stock
overvalued growth opportunities. However, some market experts such as
Ross Gerber, believe this delay 'does not move the needle' on a bullish AI thesis. Tesla's lowering EV market share in the US to below 50% and its alleged status as a
meme stock have also been in the spotlight. Nonetheless, Tesla's
Q2 deliveries report exceeded expectations and their stock rose after receiving an analyst upgrade, despite volatility related to the AI rally and Robotaxi delay. The company’s stock has also gained more than 40% in an 11-day rally.
Bill Gross, a notable investor, has cautioned about Tesla's behaviour as a meme stock. Despite such conflicting opinions, stock continues its significant rally, prompting valuation reality checks.
Tesla TSLA News Analytics from Tue, 23 Apr 2024 07:00:00 GMT to Sun, 14 Jul 2024 22:38:38 GMT -
Rating 6
- Innovation 8
- Information 5
- Rumor 7
