As Barron'sreports, "safety appears to be the main reason" Tesla stock is struggling this week, as investors worry over news that one Tesla investor's new Model S Plaid electric carburst into flames last week -- while a separate family has launched a wrongful death suit against the company, blaming the performance of its "Autopilot" driver-assistance software.
Full Answer
Why did Tesla stock go up so much?
Tesla Inc.’s $2.6 billion acquisition of SolarCity was just a bailout of the troubled sun-power provider engineered by Elon Musk, a lawyer for investors suing the Tesla chief told a judge. “At every turn Musk intended the acquisition to be a bailout ...
Will Tesla stock keep falling?
Tesla stock gained on Monday as EV stocks recovered ground ... and we would have expected Tesla (TSLA), Rivian (RIVN) and Lucid (LCID) to fall significantly. So the move on Monday is a bit surprising and perhaps an early indicator that a short-term ...
When will Tesla stock drop?
Tesla shares dropped by more than 11% in Thursday trading after the company said it would not produce new model vehicles in 2022, and is not yet working on a $25,000 electric car.
Will the Tesla share price continue to rise?
Tesla, Inc. (NASDAQ: TSLA) has a thriving EV manufacturing business, thanks to CEO Elon Musk's vision and its early mover advantage. Indications from the Tesla chief suggest that a few years from now, the company may not look anything like it currently does.
Why is Tesla stock falling now?
The company's most productive plant in Shanghai was shut and is now operating at reduced capacity because of Covid-19 lockdowns in China. Reuters reported Monday that adding more employees to increase production is being pushed out a few days. The delay might be why Tesla stock is down in early trading Monday.
Why did Tesla dip today?
Tesla Inc. shares TSLA, -2.36% dipped slightly in afternoon trade, after Chief Executive Elon Musk reached an agreement to acquire Twitter Inc. TWTR, -0.76% , raising concerns about how much he will be distracted in running the electric car company.
Will Tesla come back up?
And despite plenty of challenges, its outlook is solid. CEO Elon Musk said Wednesday that Tesla should be able to produce 1.5 million vehicles this year, beating 2021 by 60%. Production at the company's factory in Shanghai, which had been halted by coronavirus lockdowns, “is coming back with a vengeance,” he added.
Is Tesla a good stock to buy 2021?
Bernstein analyst Toni Sacconaghi said Monday that while Tesla's sales increased 87% in 2021, the overall EV market grew even faster. Tesla TSLA –0.89% stock, like CEO Elon Musk, is ever controversial: Some analysts foresee a crash and others expect gains of more than 100%.
What happened
Topsy-turvy Tesla (NASDAQ: TSLA) stock -- which spent most of last week on a downswing -- suffered another sell-off early Monday morning, falling by nearly 5%. But by 10 a.m., it seemed that the market's view was moderating, and the stock bounced. It was still in the red as of 11:40 a.m., but only by about 0.4%.
So what
Take your pick -- because as it turns out, this is looking like a pretty good news day for Tesla. In fact, if it weren't for the Nasdaq as a whole being down by 1.9% at the same point Monday morning, I kind of think Tesla would be in the green!
Now what
Rounding out the list of Tesla fans Monday is Goldman Sachs. While not quite as optimistic as Wedbush, Goldman does expect Tesla stock to gain about 20% this year, based on its $1,200 price target.
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