Since June , Tesla (NASDAQ: TSLA ) stock has surged another 38% to around $430, having temporarily even climbed to $460 but failing to reach or surpass its all-time high near $480. Put differently, market-basedExcellent academic Finance background and Finance professional with over five years of cumulative experience in Consulting & Audit Firms including a professional Valuation position, FP&A and Controlling positions, and Financial writing.My approach is mostly value-oriented. However, valuation is rarely ...

Key Points Recent legislation eliminated federal tax incentives for electric-vehicle buyers. Tesla's third-quarter deliveries crushed expectations, as buyers rushed to take advantage of the tax subsidy before it expired. Tesla has ambitions far beyond EVs, making the elimination of the tax credit more of a short-term discussion topic. These 10 stocks could mint the next wave of millionaires › For years, federal subsidies have played a critical role in accelerating the adoption of electric vehicle ...

Now, Tesla posted record deliveries in the third quarter, coming in at nearly half a million vehicles for the three months ending in September. Better than expected, but the company shares tracked lower after the numbers amid concerns those figures were skewed by the impact of the expiry of the US tax credit on electric vehicles, which the automaker used to drive a sales campaign in the period. Year-to- date Tesla deliveries are down 6%.Meanwhile, Steve. Right. Meanwhile, a group of Tesla shareholders have ...

Group 1 - The Federal Reserve's recent rate cut of 0.25 percentage points is expected to improve borrowing conditions and liquidity, which has positively impacted investor sentiment towards Tesla [1][4] - Tesla's stock has experienced a significant rally of approximately 27% over the past month, following a year of volatility influenced by political controversies and demand fluctuations [2][6] - Historically, Tesla has shown a median gain of 43% in the three months following a Fed rate cut, indicating a strong correlation between monetary easing and improved sales and investor enthusiasm for the company [5] Group 2 - Lower interest rates are anticipated to enhance consumer spending, potentially leading to increased leasing or purchasing of Tesla vehicles, thereby driving higher sales volumes [4][5] - The Fed's rate cut is expected to allow Tesla to focus on capturing new technology-driven markets, with predictions of further rate cuts later this year that could further benefit the company's stock [8] - Tesla's chair, Robyn Denholm, has emphasized that Elon Musk's political activities do not impact the company's operations, which may help alleviate investor concerns and reinforce confidence in Tesla's strategic direction [7]

Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below. Elon Musk just made history. The Tesla Inc (NASDAQ:TSLA) and SpaceX visionary officially became the first person to surpass $500 billion in net worth, a figure so enormous it exceeds the GDP of roughly 83% of the world's nations. Only about 28–32 countries boast economies larger than Musk's fortune, which dwarfs global heavyweights such as Japan, Germany, and India. Tesla: The $234 Billion Engine Behind The ...

For Tesla, the end of EV tax credits hurts so good. Sales for the EV titan surged in the third quarter, the company reported on Thursday, as consumers rushed to buy new cars ahead of the September 30 expiration of the $7,500 federal government EV tax credit. It’s a welcome win for a company that can’t seem to stop hitting the skids. READ ALSO: Sensory Upload: Walmart Expands Automation of Grocery Tracking  and Unchained Melodies? Recording Giants Finetune Deals for Sharing Music Libraries With AI Tax Cred ...

Market Overview - The U.S. stock market finished higher on Thursday, with the Dow Jones Industrial Average up nearly 0.2% to 46,519.72, the S&P 500 adding 0.06% to 6,715.35, and the Nasdaq climbing about 0.4% to 22,844.05 [1] Company Highlights - **SoundHound AI Inc. (NASDAQ:SOUN)**: Shares surged by 10.46%, closing at $17.84, with an intraday high of $18.39 and a low of $16.45. The 52-week range is $24.98 to $4.56. The company gained recognition as a leader in IDC MarketScape's assessment of conversational AI platforms, attracting renewed investor interest due to strong revenue momentum [2][1]. - **IonQ Inc. (NYSE:IONQ)**: Stock rose by 10.32%, closing at $69.60, reaching an intraday peak of $69.60 and a low of $64.41. The 52-week high is $76.13 and the low is $8.79. Investors are monitoring IonQ as it pulls back from recent highs, potentially entering a favorable buying zone [3][1]. - **Occidental Petroleum Corp. (NYSE:OXY)**: Stock fell by 7.31%, closing at $44.23, with an intraday high of $47.92 and a low of $43.84. The 52-week range is $56.49 to $34.78. The company is reportedly considering selling its OxyChem division to Berkshire Hathaway in a deal valued at approximately $10 billion, which could streamline operations [4][1]. - **Ondas Holdings Inc. (NASDAQ:ONDS)**: Saw a significant rise of 25.99%, closing at $9.21, with an intraday high of $9.34 and a low of $7.66. The 52-week high is $9.34 and the low is $0.57. The surge followed the announcement of a major purchase order for Wåsp drones, marking its entry into the U.S. defense market [5][1]. - **Tesla Inc. (NASDAQ:TSLA)**: Stock declined by 5.11%, closing at $436, with an intraday high of $470.75 and a low of $435.57. The 52-week high is $488.54 and the low is $212.11. The decline is attributed to a significant drop in car sales in Italy, which fell by over 25.6% in September, and concerns over expiring Federal EV credits [6][1].

Tesla has reported global quarterly deliveries up 7% ahead of the expiry of a US tax credit applying to purchases of EVs. Overall deliveries of Tesla cars for the quarter ended 30 September were 497,099 units (462,890 units, Q3: 2024), an increase of 7.4% on last year. Tesla doesn’t break out sales by world region, but with Europe and China sales for the company weak this year, the gain will have likely been based on strong US sales over the period. Sales of EVs in the US have been sluggish through the c ...

The monthly lease prices displayed on Tesla's website are now higher, now that the federal $7,500 EV purchase tax credit has gone away. ...

Economic Data and Employment - The government jobs report is unlikely to be released due to the government shutdown, but expectations remain for insights into the US employment situation [1] - ADP private payroll data for September is anticipated, with Congress expecting an addition of 45,000 jobs, a decrease from 54,000 in August [1] Corporate Developments - The White House has withdrawn the nomination of economist EJ Anton to lead the Bureau of Labor Statistics, with plans for a new nominee to be announced soon [2] - Tesla has raised lease prices for all its cars in the US following the expiration of the $7,500 federal tax credit, which had previously made leases more attractive [3][4] Legal and Intellectual Property Issues - Character AI has removed Disney characters from its chatbot platform after receiving a cease and desist letter from Disney, which accused the startup of unauthorized use of its copyrighted characters [5] - The ongoing dispute between OpenAI and the entertainment industry raises questions about intellectual property rights and the complexities of opting out of character usage in AI models [6][7]