Investors cheer as Tesla stock jumps after Q1 earnings, fueled by promises of new affordable EV models and strategic shifts towards AI and robotics.
Elon Musk's Tesla is on a rollercoaster ride in the stock market as shares continue to soar despite a recent earnings miss. While Tesla's Q1 results lagged estimates, the announcement of lower-cost cars and plans to produce new affordable EV models by early 2025 fueled a 12% rally in the stock. Musk's strategic shift towards positioning Tesla as an AI and robotics company, emphasizing robotaxis and cheaper EVs, has also contributed to investor optimism.
Analysts are scrambling to reset Tesla's price targets as the stock surges, with shares powering higher in early trading and set for the strongest session gain in over a year. Despite a 55% drop in profits, Musk's bold statements about Tesla's future growth and innovation have resonated with investors, leading to significant market gains.
In the midst of the stock market fluctuations, Elon Musk's personal wealth has soared as Tesla's stock performance hit historic highs, marking the best day in 27 months for the company. With Tesla's strategic shifts and promises of future growth, Musk's visionary approach continues to drive excitement and confidence in the company's trajectory.
In a surprising turn of events, Tesla's shares showed an unexpected turnaround after the first-quarter earnings report, defying initial expectations of a drop. This positive momentum signals a shift in sentiment among shareholders, reflecting a renewed belief in Tesla's long-term potential and Elon Musk's strategic vision for the company.
Futures on the Dow Jones Industrial Average were steady while those for the Nasdaq 100 rose after Tesla and Texas Instruments results were greeted warmly by investors. Tesla's results lagged estimates, but the promise of lower-cost cars buoyed the stock ...
Tesla stock rallied more than 12% early Wednesday after Chief Executive Elon Musk gave investors an overview, with few details, of the company's outlook.
Tesla shares zoomed higher in early trading, despite the automaker reporting dismal first-quarter earnings on Tuesday. Investors took heart after Chief ...
Tesla shares surged more than 10% on Wednesday after CEO Elon Musk said the company plans to produce new affordable EV models by early 2025.
Tesla shares rocketed higher in morning trading, helping drive the tech-heavy Nasdaq up for a third consecutive session. The “Magnificent Seven” stocks are in ...
Tesla stock would likely have dropped after the Q1 earnings release had the EV maker not announced good news about the launch of more affordable vehicle ...
Boeing reports earnings before the market open Wednesday. Boeing has missed analyst estimates in 14 of the past 19 quarters.
Nasdaq futures are also rising in premarket trading Wednesday.
As profits dropped 55%, CEO Elon Musk says Tesla is about robots, AI, robotaxis, cheaper EVs, and anything that supports the Tesla ecosystem.
Tesla shares powered firmly higher in early Wednesday trading and look set for their strongest session gain in more than a year, after the electric-vehicle ...
Tesla stock is tracking toward its best day in 27 months, a rally following a pretty brutal Q1 earnings report as investors bought into the growth game plan ...
Tesla's shares rose before and after the electric-vehicle producer reported first-quarter earnings. That's a refreshing change for shareholders.
Tesla (TSLA) stock rallied more than 13% at the start of trading Wednesday even as the electric vehicle (EV) maker disclosed weaker-than-expected earnings ...
Tesla shares zoomed higher in early trading, despite the automaker reporting dismal first-quarter earnings on Tuesday. Investors took heart after Chief ...
Tesla shares jumped more than 10 percent in early trading Wednesday following its first quarter earnings report. Here's what investors should know.
By Tomi Kilgore. Latest SEC filings show Musk owns about 715 million Tesla shares, or more than 20% of the shares outstanding.
"We're updating our future vehicle lineup to accelerate the launch of our low-cost vehicles in a more capex-efficient way," Tesla said.
We've raised our fair value estimate for Tesla TSLA to $200 per share from $195 following first-quarter earnings due to the firm's improved near-term ...
Shares of Tesla (TSLA 9.73%) were surging today as investors looked past the weak first-quarter earnings report from the leader in electric vehicles (EVs).
Tesla will report Q1 earnings after the bell on Tuesday, giving a much-needed update on the EV maker's current and future prospects as investor sentiment ...