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.
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.
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.
It seems that Tesla is planning to push towards ride-hailing industry, competing with companies such as Uber and Lyft.
About 63,000 Tesla vehicles were delivered to customers in the first three months of 2019 – a 31% drop compared to the prior quarter. Tesla (TSLA) stock sinks sharply.