A stock trading analyst has suggested that Tesla stock (NASDAQ: TSLA) will likely reach a base-case target of $500 later this year, citing strong technical signals. According to Peter DiCarlo, Tesla's price action is forming a "higher high" on the weekly chart, an important bullish structure that indicates the current uptrend remains intact, he said in an X post on June 15. DiCarlo noted that his proprietary BX system is flashing green on both the weekly and monthly timeframes. A green BX signal reflects st ...

Core Viewpoint - Tesla's stock has rebounded significantly after a sharp decline due to a public feud between CEO Elon Musk and President Donald Trump, with shares rising 5.7% to close at $326.09, just $6 short of pre-feud levels [2][11]. Group 1: Stock Performance - Tesla's market cap dropped by 14% in a single session following the Musk-Trump conflict, but the stock has since rallied almost back to its previous levels [1][2]. - The stock closed at $326.09 after a 5.7% increase, indicating a recovery trend [2]. Group 2: Autonomous Vehicle Testing - Tesla is testing driverless vehicles in Austin, Texas, with a video shared by Musk showing a Model Y operating without a human safety supervisor [3][4]. - The company plans to launch a pilot for a driverless ride-hailing service in Austin, expected to start on June 12, with a limited rollout of 10 to 20 robotaxis [4][5]. - The Model Y will be used for these tests, and the service will be geofenced to limit operational areas, with remote monitoring by employees [5]. Group 3: Competitive Landscape - Tesla's entry into the robotaxi market comes after years of delays, positioning it behind competitors like Waymo, which has a commercial fleet operating in Austin [4][7]. - Waymo is currently the only autonomous vehicle maker in Austin with a "deployment" designation, while Tesla is listed as "testing" [6][7]. Group 4: Investor Sentiment - Analysts at Piper Sandler noted that the sighting of driverless cars in Austin aligns with their investment thesis for Tesla, maintaining a buy rating on the stock [15]. - Despite the positive developments, concerns remain regarding the safety and operational details of Tesla's driverless vehicles, as highlighted by auto safety researchers [15][16].

Financial Data and Key Metrics Changes - The company is focusing on cost and quality as top priorities, which are essential for strategic positioning and success in the upcoming years [7][12] - The margins in the Pro business are targeted to be in the mid-teens, with software and services growing at a rate of 20% [14][16] Business Line Data and Key Metrics Changes - Ford Pro has a 40% market share in North America, and the software services associated with it have margins exceeding 50% [12][14] - The company has over 675,000 paid subscriptions for software services, indicating a growing revenue stream [14][54] Market Data and Key Metrics Changes - The company is adjusting its investment priorities based on market changes and consumer feedback, focusing on areas with the highest return potential [23][24] - The competitive landscape is evolving, with the company recognizing the need to compete against fast-developing Chinese manufacturers [43][44] Company Strategy and Development Direction - The company is committed to electrification but is adjusting its approach to focus on smaller, more affordable EVs to attract a broader customer base [19][33] - Partnerships and alliances are seen as a way to enhance capital efficiency and speed to market, rather than pure consolidation [81][82] Management's Comments on Operating Environment and Future Outlook - Management acknowledges the flattening of the EV adoption curve and is adjusting investment levels accordingly, while still maintaining a commitment to EV development [31][32] - The company aims to achieve best-in-class cost and quality, with a focus on higher growth and margins in the next three to five years [105] Other Important Information - The company is leveraging its competitive advantage as a domestic manufacturer, employing more workers and building more vehicles in the U.S. [26][27] - The company is exploring opportunities to minimize tariff impacts by onshoring parts and ensuring compliance with USMCA [28][29] Q&A Session Summary Question: What are the key elements of the original Ford Plus plan that remain in place? - The focus on cost and quality remains unchanged, while the approach to segmentation has been adjusted based on market conditions [11] Question: How does the company view the current tariff environment? - The company sees opportunities to leverage its U.S. footprint to mitigate tariff impacts and is actively working on strategies to reduce exposure [26][27] Question: How has the company adjusted its investment priorities? - The company is now taking a top-down approach to capital allocation, focusing on areas with the best return potential [23][24] Question: What is the outlook for electrification? - The company believes electrification is inevitable but acknowledges that the pace of adoption may take longer than initially expected [31][34] Question: How does the company plan to compete with Chinese manufacturers? - The company recognizes the competitive threat from Chinese manufacturers and is focusing on speed of development and cost structure to maintain competitiveness [43][44] Question: What does success look like for Ford in three to five years? - Success is defined as achieving best-in-class cost and quality, with significant growth in software services and a more durable business model [105]

Core Viewpoint - Waymo has issued a software recall for its robotaxi fleet due to incidents involving collisions with objects, highlighting ongoing safety concerns and regulatory scrutiny [1][2][4]. Group 1: Recall Details - Waymo recalled approximately 1,212 vehicles after several incidents where robotaxis collided with objects like gates and chains [1]. - The National Highway Traffic Safety Administration (NHTSA) opened an inquiry into Waymo's fifth-generation driver after receiving 22 incident reports, with the investigation still ongoing [2]. - The incidents occurred between December 2022 and April 2024, with no reported injuries [2]. Group 2: Software Updates and Previous Recalls - Waymo reported nine additional minor collisions with similar barriers between February 2024 and December 2024, and was already working on a software update when the inquiry began [3]. - A software update was fully rolled out for the entire fleet by December 2024, which does not affect current operations [3]. - Previous recalls included a voluntary recall of over 400 vehicles in February 2024 and another for more than 670 cars in June 2024, both involving software updates [5]. Group 3: Safety Performance - Waymo claims its robotaxis are safer than human drivers, with data indicating an 81% reduction in injury-causing crashes compared to the average human driver over millions of miles driven in Phoenix and San Francisco [6]. - The company emphasizes its commitment to high safety standards and collaboration with NHTSA to enhance road safety [4].