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Tesla's stock has reached new heights, supported by a nearly existential change in investor sentiment. However, there is considerable risk.
Wood’s ARK Invest sold off 23,110 shares of Tesla, valued at nearly $11.2 million on Dec. 18. The move fits a pattern that has become clear over the past two to three months.
Tesla stock staged a massive rebound, with shares climbing 120% from their low in April on a handful of positive catalysts.
Cathie Wood's ARK Invest once again trimmed its stake in Tesla (NASDAQ:TSLA) while increasing exposure to crypto-related stocks, according to a Thursday filing with the SEC. The fund sold 23,110 shares of Tesla through its ARK Innovation ETF (ARKK),
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Tesla stock is plunging, and it's not because of California
Tesla's stock is under pressure again, but the story is bigger than a single state regulator or a headline-grabbing spat in Sacramento. The selloff reflects a deeper reset in how investors are valuing electric vehicle makers,
Due to Tesla's innovation and diversification, 24/7 Wall St. sees strong upside potential for the stock by the end of the decade.
All told, this electric vehicle (EV) stock is up 9% over the past 12 months (as of Dec. 16). A $1,000 starting investment would be worth $1,090 today. That's not impressive. Tesla needs to execute flawlessly to live up to the valuation. Any missteps could send the stock tanking in no time.
Tesla stock came under pressure on Wednesday after touching an all-time high earlier in the session, as investors reacted to fresh regulatory scrutiny in California that could complicate the company’s ambitions for self-driving technology.
Tesla, Inc. (NASDAQ:TSLA) is one of the AI Stocks on the Market’s Radar. On December 17, Goldman Sachs reiterated a “Neutral” rating on the stock with a $400.00 price target. With Tesla set to face potential regulatory changes in California,
Tesla's stock reached its all-time closing high today, marking the first time it's achieved this level in a year.