Tesla (TSLA) project Dojo was revealed during the recent Tesla Autonomy Investor Day held a few weeks ago. Elon Musk mentioned the Dojo as the key to labeling visual data, which is currently a very difficult task.
Tesla endured another round of financial losses despite pressure to become steadily profitable. Tesla (TSLA) lost $1.12 per share versus the expected loss of $0.31 per share. That means a loss of $408 million in the quarter on revenue of $6.3 billion.
Roth Capital analyst thinks that Tesla (TSLA) stock could trade in a range. He points out that the company needs to finds a solution to fight the margin challenges arising out of higher battery costs and the growing competition.
Tesla (TSLA) is cutting the price of its Model 3 car and eliminating the base versions of the Model S and Model X. The company is also raising the price of full self-driving by $1,000 while the demand for Model 3 remains robust.
Tesla (TSLA) delivered 95,200 of its electric vehicles in the second quarter, a dramatic reversal from a disappointing first period that set a new record and beat analysts’ expectations.
Alexander Haissl of Berenberg said they are maintaining their bullish view on Tesla (TSLA) and see no reason to walk away from our price target of $500. His price target of $500 implies more than 100% upside in the next year.
Tesla investors are having definitely a bad year as TSLA stock has made them poorer by more than 30%. The Elon Musk-led company’s stock fell to two-year lows earlier this week.
Elon Musk laid out the automaker’s plan when it comes to self-driving, but now the CEO attaches a valuation prediction to it as the company attempts to raise over $2 billion.
According to China’s Association of Automobile Manufacturers, Chinese citizens will buy at least 1.6 million electric vehicles this year. Tesla, on the other hand, lost $700M+ in the last quarter. Is it a real competition or just buying opportunity for Tesla stocks?
Ford Motor has agreed to invest $500 million in Rivian, an electric-car start-up that is widely seen as a potential rival to Tesla in order to accelerate its efforts to field a range of electric cars and trucks. TSLA stock reacts immediately.