Tesla has taken a U-turn and decided to
halt orders for its cheapest
Cybertruck model, focusing on pricier versions instead. The company is facing scrutiny over
conflicts of interest involving Elon Musk, with Senator Elizabeth Warren voicing concerns. Despite this, many still believe Tesla to be a
good investment in the Consumer Discretionary sector and a worthwhile comparison to other electric vehicle stocks like RIVN. In a bid to attract customers, Tesla started offering 3 years of
FSD, Premium Connectivity, and Free Supercharging for an additional $5,000. The company's valuation continues to be debated, but some analysts argue that the tech behemoth has solved the
Self-Driving puzzle. Tesla continues to weather various challenges, including a recall of 1.8m EVs and a lawsuit over the death of an electrician at one of its facilities. However, Tesla's
growth story finds support in its Q2 2024 report that shows a billion-dollar revenue beat. Several financial entities, including
Goldman Sachs, Mizuho, and Citi have raised their price targets on TSLA. Despite some drops in stock price, Tesla still has believers who invest during these dips.
Tesla TSLA News Analytics from Thu, 21 Mar 2024 07:00:00 GMT to Sun, 11 Aug 2024 23:04:30 GMT -
Rating 6
- Innovation 8
- Information 7
- Rumor -4
