Tesla could be a powerful AI company in the future. However, the companies already leading in AI might be better buys instead.Tesla (TSLA 7.36%) is evolving beyond electric vehicles (EV) to become a bonafide artificial intelligence (AI) company. Its plans for an autonomous Robotaxi fleet and its work in humanoid robotics could eventually make it, as CEO Elon Musk believes, the world's most valuable company.The problem is that time hasn't come yet. Tesla stock has soared nearly 70% this year. Yet its autonom ...

Tesla (TSLA 4.89%) stock investors received an early Christmas gift from Hyundai (HYMTF -7.03%) this morning: at least 112,000 new potential customers for its Supercharger electric car charging system.Tesla stock is up 4.5% through 10:45 a.m. ET on the news.Details, pleaseTesla spent the bulk of 2023 reporting a series of alliances with other carmakers around the world, in the form of announcements that these other carmakers -- Hyundai, Honda, GM, Ford Motor Company, and others -- would switch their electri ...

Tesla's (TSLA) shares were among the S&P 500's top gainers Tuesday morning as the Magnificent Seven big tech stocks rose on Christmas Eve.  Shares of the EV maker were recently up more than 4%, making them the second-best performer in the benchmark index—second only to Super Micro Computer (SMCI). Other "Mag 7" stocks also rose this morning, a holiday-shortened session that comes ahead of a day off tomorrow and kicks off the Santa Claus Rally period. The major indexes were rising this morning, led by the N ...

In August this year, I voiced a negative opinion on Tesla, Inc. (NASDAQ: TSLA ) stock, arguing that I see a “weak AI promise on top of a struggling EV business.” Since the publication of the article, Tesla shares haveExperience as an investment analyst for a major BB-Bank, as well as private equity consultant for MBB. Currently working towards the CFA charter, having completed I&II. Passion for risk-assets (Growth, Contrarian, Emerging Market) ex-colleague and close friend of Investor ExpressAnalyst’s Discl ...

Impressively outperforming the broader indexes, and many of its auto peers such as General Motors (GM)  and Ford (F) , Tesla (TSLA)  shares have rallied +25% in December and are up over +75% year to date.  Investors may certainly be wondering if they should chase the surge in the EV leader’s stock and if Tesla should have a spot in their portfolio as we edge closer to the new year.  Image Source: Zacks Investment Research Why Market Sentiment is High for TSLA Leading to high investor sentiment for Tesla is ...

One of the major provisions left out of last week’s government-funding bill were new restrictions on Americans’ investments in China, with a particular focus on advanced technologies like artificial intelligence, semiconductors and quantum computing.Democrats’ top appropriator in the House, Rep. Rosa DeLauro of Connecticut, has accused Tesla TSLA Chief Executive Elon Musk of conniving to have that provision removed to protect his investments in China. ...

Here's everything you need to know about the electric vehicle maker's week.In this week's video, I cover need-to-know news about Tesla (TSLA -3.46%) from the week of Dec. 16. Check out the short video to learn more, consider subscribing, and click the special offer link below.You can find last week's summary here.*Stock prices used were from the trading day of Dec. 20, 2024. The video was published on Dec. 21, 2024. ...

Tesla (TSLA -3.46%) has been one of the biggest surprises of 2024.The stock lagged the market for much of the year as the company reported disappointing quarterly results, including sluggish growth and falling profits. Additionally, electric vehicle sales growth has slowed as momentum in the sector seems to be plateauing now that early adopters have already purchased an EV, and EV stocks have struggled in general this year.Through Oct. 23, the stock was down 14% year to date, underperforming the S&P 500, wh ...

Tesla’s (NASDAQ: TSLA) stock has been on an upward tear in the fourth quarter, with technical indicators suggesting sustained momentum as the year ends.The stock received a significant boost from Donald Trump’s election victory, with investors optimistic about his close ties with CEO Elon Musk. Additionally, better-than-expected Q3 2024 earnings pushed the stock to new highs.However, the recent rally has encountered resistance at $500, and short-term weakness has emerged. At the close of the last session, T ...

Tesla has recalled almost 700,000 of its electric vehicles because of an issue with the warning light on the tyre pressure monitoring system.Its warning light may not remain illuminated between drive cycles, failing to warn the driver of low tyre pressure and increasing the risk of a crash, the manufacturer said. The issue affects some Model 3, Model Y and Cybertruck vehicles, Tesla added.It will be resolved through a free software update.Letters notifying owners of the affected cars are expected to be sent ...