Newly appointed government efficiency co-czar Vivek Ramaswamy is scrutinizing a $6.6 billion loan given to Rivian, a Tesla rival, raising questions about government spending and potential political motivations. The move comes amid Rivian’s financial struggles and highlights the ongoing debate about government intervention in the EV market.
Tesla’s anticipated affordable compact EV and the Cybertruck’s release face delays, according to industry experts. Gary Black and Dan Ives offer insights into Tesla’s future plans, impacting investor expectations and the timeline for autonomous driving technology.
A new J.D. Power study reveals the significant impact of federal tax credits on electric vehicle (EV) sales. The study shows a considerable portion of EV buyers, particularly those of Volkswagen, Chevrolet, and Tesla, were primarily driven by these incentives. The potential elimination of these credits under the incoming administration could severely impact EV sales, contradicting Elon Musk’s recent assessment.
Tesla’s humanoid robot, Optimus, receives a significant upgrade with new hands, potentially paving the way for integration with Neuralink’s brain-computer interface. This development, coupled with Tesla’s progress in autonomous navigation and recent stock performance, positions Optimus as a key player in the future of robotics.
ARK Invest CEO Cathie Wood recently reaffirmed her bullish stance on artificial intelligence, particularly highlighting Tesla’s pivotal role and the transformative potential of AI in healthcare. Despite recent portfolio adjustments, including reduced Tesla holdings, Wood maintains a long-term optimistic outlook, projecting massive revenue opportunities in autonomous driving and the broader biologics sector.
Apple’s Tim Cook, Google’s Sundar Pichai, Tesla’s Elon Musk, and AMD’s Lisa Su expressed their gratitude on Thanksgiving 2024, sharing heartwarming messages with their teams, users, and followers. Their messages coincided with strong financial performances, although Tesla slightly missed analyst expectations.
Prominent investment analyst Gary Black reveals why Nvidia remains his top pick over Tesla, highlighting stark differences in earnings estimates, PEG ratios, and market performance. Black’s analysis underscores the importance of disciplined, data-driven investment strategies.
California Governor Gavin Newsom’s proposed electric vehicle rebate program, which excludes Tesla, has ignited a fierce battle between Newsom and Elon Musk, potentially leading to significant job losses in California as Tesla shifts operations to Texas.
Cathie Wood’s Ark Invest made significant market waves Tuesday, selling millions of dollars worth of Tesla shares across multiple ETFs. This strategic move, amidst potential impacts from California’s consumer rebates, follows other recent portfolio adjustments. However, Wood maintains a bullish outlook on Tesla’s long-term prospects, particularly in autonomous driving. The firm also made significant buys in other tech companies, including AMD, Illumina, Pacific Biosciences, and Twist Bioscience.
Cathie Wood’s Ark Invest made significant market waves Tuesday, selling millions of dollars worth of Tesla shares across multiple ETFs. This strategic move, amidst potential impacts from California’s consumer rebates, follows other recent portfolio adjustments. However, Wood maintains a bullish outlook on Tesla’s long-term prospects, particularly in autonomous driving. The firm also made significant buys in other tech companies, including AMD, Illumina, Pacific Biosciences, and Twist Bioscience.
