Wall Street is eyeing more challenges for Tesla
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Tesla's stock is down 18% so far this year, and some analysts wonder if the company will lower its full-year forecast when it reports results after Wednesday's closing bell. Other key topics include management's commentary on vehicle demand and the robotaxi rollout.
This week, Wall Street analyst Michael Legg upped his price target on Lucid Group ( LCID 10.82%) to $7 per share. That signals more than 100% in potential upside over the next 12 months. What makes him and other analysts so bullish? The answer is a $1 trillion opportunity.
Second quarter earnings season is in full swing, and the results have been largely positive so far, with more positive surprises than negative ones. Companies had a lower bar to clear coming into the quarter,
Tesla and Alphabet report quarterly earnings after the closing bell Wednesday, while Texas Instruments tumbles after issuing a disappointing profit forecast.
The agreement includes lowering tariffs on Japan's auto sector to 15% from the previous 27.5%, while duties on other Japanese goods will also be slashed to 15% from 25%. Other notable names reporting on Wednesday include Hasbro,
Tesla (NASDAQ:TSLA) stock has been one of the most volatile stocks in the Magnificent Seven. With its beta of nearly 2.5, the name is bound to amplify any moves made in the S&P on any given day. And while some may think the EV (electric vehicle) titan will tread water as competition and a weaker
There's a lot bundled into Tesla's market value. It has, for example, a distributed energy business that few (if any) competitors can match. Plus, it has a fledgling robotaxi division that some analysts think will be a $1 trillion opportunity on its own.
Even any good news about the Austin robotaxi rides may not be enough to lift the stock, which has lost about a quarter of its value since a record high in December.