Tesla and Samsung sign $16.5 billion AI chip deal
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Tesla shares rose early Tuesday after gaining on Monday, but gains didn’t last as the car maker tries to come out of its post-earnings dip. Shares of the electric-vehicle maker traded as high as $326.
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Shares of Tesla (NASDAQ: TSLA) climbed higher on Monday. The electric vehicle (EV) maker's stock gained 3% as of market close, but had jumped as much as 4.6% earlier in the day. The spike comes as the S&P 500 (SNPINDEX: ^GSPC) was flat and the Nasdaq Composite (NASDAQINDEX: ^IXIC) rose 0.3%.
Tesla faces declining sales, contracting margins, and brand damage, with increased competition eroding its market share in Europe and California.
President Donald Trump took a break from his bitter public feud with Elon Musk by offering support to Tesla in an early morning post on Truth Social.
Tesla shares plunged as much as 10% in early trading Thursday as investors digested another dismal quarter of car sales – and CEO Elon Musk’s admission that slump may not end anytime soon.
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Tesla is facing stiffer competition globally from electric vehicle players, especially low-cost competitors from China.
Tesla stock climbs July 23 as Q2 earnings near. Musk teases robotaxi rollout, diner launch, and AI pivot amid falling sales and profit.
At the risk of sounding like investing guru Cathie Wood, Tesla (NASDAQ:TSLA) has a clear path to be a $20 trillion stock. The pioneer in electric vehicles (EVs) and sustainable energy has transformed the automotive industry since its founding 22 years ago,
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Discover how Tesla, Inc.'s aluminum-ion batteries promise faster charging and sustainability but face competition. Click for my TSLA stock update.