2024-07-12 20:09:29
Stocks
Automotive
Technology
Impact of Analyst Evaluations on Tesla's Stock Amid AI and Energy Concerns
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The Street
Environment
Technology
Finance
Economy
The article discusses the increasing energy demand driven by the growth of artificial intelligence and its impact on Tesla's energy division. It highlights Morgan Stanley analyst Adam Jonas' research note, which raised the price target for Tesla Energy to $50 per share, representing a $183 billion business. The article also mentions Tesla's declining share of the EV market in the U.S. and the increasing competition in the EV space, leading to price pressure and boosting EV adoption.
The Street
Tesla pushes back big robotaxi unveiling TheStreet Daily Newsletter
Technology
Economy
Tesla has delayed the unveiling of its robotaxi vehicle from August 8 to October, according to a Bloomberg report. The delay is due to teams working on the project needing more time to build additional prototypes and rework certain elements of the car. Tesla CEO Elon Musk's stake in the company lost nearly $16 billion in value due to the 8.4% drop in Tesla's stock price on the news.
Yahoo Finance
Tesla shares drop after UBS downgrade on concerns over rally
Finance
Technology
Tesla's shares dropped after UBS Group AG downgraded the stock, citing concerns that the electric carmaker's shares have risen too quickly due to optimism over its artificial intelligence plans. UBS analysts believe that if market enthusiasm for AI diminishes, it may impact Tesla's valuation, which currently trades at more than 80 times one-year forward estimated earnings.
Yahoo Finance
S&P 500: Tesla And Nvidia Investors Dangerously Delude Themselves | Investor's Business Daily
Finance
Technology
Economy
The article discusses how stock prices of some S&P 500 companies, particularly Tesla, Eli Lilly, and Nvidia, are heavily reliant on expected future earnings, with over 80% of their value based on future projections. This highlights the speculative nature of trading in these large tech companies, as current valuations imply significant growth in earnings that may be difficult to achieve.
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