Tesla’s stock gains
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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.
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.
Legendary fund manager slashes Tesla stock investment. When market conditions start to shift in a negative direction, hedge fund managers will do what their industry’s title sug
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.
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Tesla's addition of Chipotle president Jack Hartung to its board of directors helped boost the stock last week. Hartung could aid the board in its quest to explore “alternative ways” to compensate CEO Elon Musk after a Delaware judge invalidated his $56 billion pay package.
Tesla shares opened the week down as part of a broader market decline that comes after Moody's Ratings downgraded its view of the United States' creditworthiness late Friday.
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.