Tesla's ongoing growth is subjected to potential delays, as per analysts. CEO Elon Musk is proposing plans for a considerable
$5 billion xAI investment, the idea is being taken to the Tesla Board. The company's dependency on
EV credits has led to downgrades in its stock. Predicting future projections of its stocks remains uncertain due to the ambiguity in the company's strategies.
Q2 earnings stressed the uncertainty with underperformance. However, Tesla does approach a
Golden Cross promising a positive move in its stocks. Significantly, many are using the opportunities of a low to buy stocks during the dip. Tesla's strong stand in developing a Moat in Optimus & Autonomy, Affordable EVs targeted for 2025 debut, and Musk's stern interest in Robotaxi are seen as positive innovative strategies. Notwithstanding, Q2 marked a
7% drop in auto revenue leading to a fall in stock prices. Despite harsh realities, there are stocks with huge upside potentials according to some. Concerns and criticisms were also voiced regarding Tesla's
dependence on Robotaxi and its delay. It is evident that the company's stocks could swing either way post-earnings, with early projections leaning positive for the xAI investment.
Tesla TSLA News Analytics from Tue, 23 Apr 2024 07:00:00 GMT to Sun, 28 Jul 2024 11:40:00 GMT -
Rating -4
- Innovation 6
- Information 4
- Rumor -5
