Elon Musk, Tesla
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With headlines crowing that stock is either soaring or tanking, I thought I'd ask ChatGPT to explain what's going on with Tesla stock -- like I'm 12.
Ross Gerber said there are three problems he sees for the EV maker, and that the next six months will be crucial for Musk's company.
Elon Musk's pledge to lead Tesla for five years boosted shares early Tuesday. He believes the company has already turned around.
The stock is slumping today, however, as many investors shift their focus to the EV business itself. And the numbers don't look promising. Shares dipped as much as almost 5% Monday morning and remained lower by 3.3% as of 11:35 a.m. ET.
Shares of Contemporary Amperex Technology Co., or CATL, soared more than 16% in their Hong Kong trading debut Tuesday after the Chinese electric vehicle battery maker raised more than $4.5 billion in the world's largest listing this year.
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Traders are becoming more bullish on Tesla. The ratio of Tesla put options to call options fell to its lowest level since November, Cboe Global Markets data showed. That suggests traders are favoring bullish calls over puts that would pay out if Tesla's stock declines.
Management may continue to dangle the carrot of new prototypes to keep shareholders happy. Cathie Wood may still have a price target of $2,600. But smart investors know that a stock follows its fundamentals over the long term, which is why Tesla stock is much more likely to crash than soar at current levels. Don't buy it for your portfolio today.
Tesla shares lost ground to start the week after posting gains in each of the previous four weeks, a period during which the stock rose 45%. These are the key support and resistance levels to monitor.
6don MSN
The chair of Tesla sold more than $230 million in company stock since Elon Musk’s endorsement of Donald Trump alienated car buyers and dragged profits lower.
Tesla CFO Vaibhav Taneja's base salary stood at around Rs 3.33 crore, but the total compensation far exceeded that of Microsoft CEO Satya Nadella and Alphabet Chief Sundar Pichai.