Several key updates influence the performance of Tesla (TSLA). The stock increased by 3.4% since the last earnings report, but it lost a long-standing finance leader. A DCF valuation suggests the stock might be undervalued, but uncertainty remains as another veteran executive steps down. The company also saw a nearly 6% fall in stock prices due to uncertainty around robotaxi developments.
Baltimore City placed a $5 million EV order with Tesla, temporarily alleviating growing safety concerns. The hiring of a former Tesla charger executive by Uber emphasises shifting towards EV. Despite this, more Tesla veterans are leaving, including from key executive positions. Tesla also saw competition from BMW in European EV sales. Also, concerns are raised about Tesla’s EV quality and the company's strategy. However, Piper Sandler suggests that Tesla could have solved the Self-Driving puzzle and encourages buying.
Analysts' opinions on the stock vary with some criticizing the rally as excessive, while others maintain an overweight rating. Negative aspects include drops in deliveries and the stock's reaction to missed analyst estimates. Lastly, financial stalwart Morgan Stanley cut its position in Tesla, further underscoring the mixed sentiment revolving around the innovative EV maker.
Tesla TSLA News Analytics from Thu, 21 Mar 2024 07:00:00 GMT to Sun, 25 Aug 2024 13:40:54 GMT - Rating 2 - Innovation 8 - Information 5 - Rumor -3
