Tesla Inc. ($TSLA) Stock Forecast: Down 8.5% Today

What is Tesla Inc.?

Tesla (TSLA) is a leading electric vehicle manufacturer with a focus on innovative technology, led by CEO Elon Musk. The electric vehicle sector, especially autonomous driving, is of great interest to the stock market.

Why is Tesla Inc. going down?

TSLA stock is down 8.5% on Oct 11, 2024 19:37

• Following the Robotaxi Day event, Tesla's stock saw a decline as investors were underwhelmed by the progress in autonomous vehicles.
• In contrast, Uber and Lyft stocks experienced growth as Tesla's "toothless taxi" unveiling did not appear as a significant threat to their ride-sharing business, increasing investor confidence.
• The lack of clear business strategies for Tesla's robotaxis and limited updates on affordable production vehicles contributed to market uncertainty, which could lead to further stock declines.
• Tesla's challenge in showcasing advancements in autonomous driving has influenced investor sentiment, leading to a bearish trend in the stock's performance.

TSLA Price Chart

TSLA News

Ride-sharing giants Uber, Lyft jump after Tesla's 'toothless taxi' fails to excite investors

Tesla's hyped robotaxi unveiling posed a threat to Uber's ride-sharing aspirations, but it has turned into a boon for the stock instead.

https://www.cnbc.com/2024/10/11/ridesharing-giants-uber-lyft-jump-after-teslas-toothless-taxi-fails-to-excite-investors.html

Uber stock jumps, Tesla stumbles after Elon Musk's Cybercab reveal

Tesla's failure to demonstrate progress in the field of autonomous vehicles appears to be making investors skittish.

https://cointelegraph.com/news/uber-stock-jumps-tesla-stumbles-elon-musk-s-underwhelming-cybercab-reveal

Friday's Top 5 Trending Stocks: What's The Scoop? - MicroStrategy ( NASDAQ:MSTR ) , Tesla ( NASDAQ:TSLA ) , Top Wealth Group ( NASDAQ:TWG ) , JPMorgan Chase ( NYSE:JPM )

Tesla, Inc. TSLA, MicroStrategy, Inc. MSTR, Top Wealth Group Holding Limited TWG, Uber Technologies, Inc. UBER and JP Morgan Chase & Co. JPM are the top five trending tickers on Stocktwits Friday. Here's a look at what grabbed retail investors' attention.

https://www.benzinga.com/news/24/10/41296187/fridays-top-5-trending-stocks-whats-the-scoop

Tesla Robotaxi Day Event 'More Fanfare Than Substance': 8 Analysts On Cybercab, Optimus, Autonomous Vehicle Vision - Tesla ( NASDAQ:TSLA )

Analysts say Tesla Inc's TSLA stock could continue to slide after the lack of clear business plans for Robotaxis and no updates on the lower-cost production vehicle, following the highly anticipated Robotaxi Day on Thursday. Wedbush analyst Daniel Ives maintained an Outperform rating with a $300 ...

https://www.benzinga.com/analyst-ratings/analyst-color/24/10/41295072/tesla-robotaxi-day-event-more-fanfare-than-substance-8-analysts-on-cybercab-optimus

Man shows car; shares fall

...

https://www.ft.com/content/3c71874e-8afb-481e-b4ff-8c8e00a29087

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Tesla Inc. Price History

02.09.2024 - TSLA Stock was down 5.2%

• Tesla's downward movement today may be linked to a revised partnership with LiveOne, Inc. (LVO) and a reduction in revenue guidance, indicating potential obstacles ahead.
• While positive updates on Tesla's legal victory in the FSD lawsuit and the upcoming Q3 results and robotaxi event could have briefly boosted confidence, they were overshadowed by changes in partnerships.
• The notable rise in premarket trading for Chinese EV firms such as Nio, Inc. (NIO), XPeng, Inc. (XPEV), and Li Auto, Inc. (LI) might have steered investor focus away from Tesla, affecting its stock performance.
• Speculation regarding Tesla's possible venture into the aviation sector, as suggested by analyst Adam Jonas, could have caused uncertainty among investors, contributing to the downward trajectory.

01.09.2024 - TSLA Stock was down 3.1%

• The bearish movement in Tesla's stock today could be attributed to:
• Strong sales performance by Chinese EV companies like BYD, Nio, XPeng, and Li Auto, signaling increased competition in the EV market.
• Speculation around Tesla's potential entry into the aviation sector, which might have raised concerns about diversification and resource allocation.
• Announcement regarding the smart summon feature for older Model S and Model X vehicles in 2024, which could have been perceived as a delay in technological advancements compared to competitors.
• Anticipation around Tesla's upcoming robotaxi event, leading to uncertainty and volatility in the stock as investors weigh the potential impact on the company's future growth prospects.

11.09.2024 - TSLA Stock was down 9.4%

• Tesla's stock (TSLA) experienced a significant bearish movement following its robotaxi unveiling event failing to impress investors, leading to a sharp decline in pre-market trading.
• Concerns about Tesla's battery technology and the company's ability to build a better battery may have contributed to the negative sentiment surrounding the stock.
• The underwhelming response to Tesla's much-hyped Robotaxi unveil event, named "We, Robot," resulted in a pullback in TSLA shares to a 1-month low.
• Elon Musk's announcement of plans for autonomous robot vehicles, including the "Robotaxi" and "Cyber Cab," may have influenced market expectations but did not translate into positive investor sentiment, impacting Tesla's stock performance negatively.

11.09.2024 - TSLA Stock was down 8.5%

• Following the Robotaxi Day event, Tesla's stock saw a decline as investors were underwhelmed by the progress in autonomous vehicles.
• In contrast, Uber and Lyft stocks experienced growth as Tesla's "toothless taxi" unveiling did not appear as a significant threat to their ride-sharing business, increasing investor confidence.
• The lack of clear business strategies for Tesla's robotaxis and limited updates on affordable production vehicles contributed to market uncertainty, which could lead to further stock declines.
• Tesla's challenge in showcasing advancements in autonomous driving has influenced investor sentiment, leading to a bearish trend in the stock's performance.

11.09.2024 - TSLA Stock was down 8.8%

• Tesla's stock experienced a bearish movement following a highly anticipated event related to autonomous vehicles, where analysts expressed disappointment over the lack of clear business plans and updates on lower-cost production vehicles.
• The market sentiment towards Tesla was further dampened by the pre-market trading activity, with shares falling sharply as investor confidence wavered post the vehicle unveiling event.
• The challenges faced by electric vehicle startups in catching up to Tesla's success and reports on Tesla's battery development struggles may have contributed to the negative market reaction towards the stock.
• Overall, the absence of concrete updates on key business aspects and concerns about competition and technological advancements in the electric vehicle sector likely led to the bearish movement in Tesla's stock.

19.08.2024 - TSLA Stock was up 5.1%

• Tesla's stock saw a 3% increase during today's premarket session, aligning with the positive market movement.
• The uptrend in Tesla's stock price may be linked to a Tesla enthusiast highlighting the significance of Elon Musk's xAI in the company's autonomous aspirations, fostering investor confidence in Tesla's future outlook.
• Furthermore, the adoption of a popular Tesla feature by Ford in its electric vehicles might have underscored Tesla's dominance in the EV sector, contributing to the rise in Tesla's stock value.
• Despite minor concerns expressed by a Tesla Cybertruck lead engineer regarding the use of extension cords on superchargers, the favorable news and market sentiment held more sway than any potential adverse effects on Tesla's stock performance.

06.08.2024 - TSLA Stock was down 5.0%

• Today's bearish movement in Tesla's stock could be linked to moderated expectations about the company's Robotaxi Day, prompting investors to review their perspectives on the stock.
• Criticisms from the Future Fund managing partner concerning Tesla's management of the press and negative media coverage may have contributed to the pessimistic sentiments surrounding the stock.
• The increase in Ford's EV sales, notably due to the F-150 Lightning, might have adversely affected Tesla's stock, leading investors to reconsider Tesla's standing in the EV market.
• Economist Paul Krugman's concerns regarding federal efficiency plans involving Elon Musk and possible risks to government programs such as Medicare and Social Security may have brought a level of uncertainty to Tesla's stock performance.

06.08.2024 - TSLA Stock was down 5.4%

• Tesla stock experienced a bearish movement likely due to concerns raised by Future Fund managing partner Gary Black regarding the company's handling of press and media coverage.
• The delay in the Full Self-Driving (FSD) system rollout, pushing it to the first quarter of 2025, may have also contributed to the negative sentiment surrounding Tesla's stock.
• Despite Ford's strong EV sales surge driven by the F-150 Lightning, Tesla's market performance might have been overshadowed by these positive developments in the EV sector.
• Elon Musk's unconventional ventures, such as the Cybertruck serving pizza, while intriguing, may not have been sufficient to offset the overall bearish trend in Tesla's stock price.

05.08.2024 - TSLA Stock was up 5.1%

• The bullish movement in TSLA stock today can be attributed to several factors:
• The unveiling of the Cybertruck's new feature of serving pizza, showcasing Tesla's versatility and creativity in utilizing its vehicles for various purposes.
• Despite delays in the Full Self-Driving (FSD) system rollout, investors remain optimistic about Tesla's advancements in autonomous driving technology.
• Criticism from a Tesla bear regarding the FSD China release timeline may have sparked debate but did not deter investors' confidence in the company's long-term prospects.
• Despite a sales slump in Britain, Tesla's stock continues to show strength, possibly driven by overall positive sentiment towards the EV sector and Tesla's position within it.

05.08.2024 - TSLA Stock was up 6.0%

• Tesla's positive movement could be linked to plans to launch its "Full Self Driving" (FSD) product in Europe and China early next year, illustrating the company's advancements in the autonomous driving sector.
• Despite a delay in the FSD system's release in China, Tesla's stock has held firm, possibly as investors focus on the company's long-term growth rather than short-term challenges.
• Criticism from GLJ Research CEO on Tesla's FSD timeline may have led to some stock price fluctuations, but overall market sentiment appears upbeat on Tesla's technological progress.
• The increase in EV registrations in Britain and BYD's strong sales growth indicate growing competition in the EV market. However, Tesla's robust brand and global presence continue to bolster investor confidence in the company's future prospects.

12.08.2024 - TSLA Stock was up 5.0%

• Tesla's bullish movement today could be attributed to various factors:
• The successful lab test results of Worksport's COR portable energy system, which acts as a range extender for Tesla electric vehicles, may have boosted investor confidence in Tesla's technology and potential for innovation.
• Despite Lucid Group's CEO stating they are not ready to compete with Tesla's Cybertruck in the electric pickup truck segment, the focus on SUVs by Lucid might have reaffirmed Tesla's position as a leader in the EV market.
• The comparison between BLBD and TSLA as value stocks might have highlighted Tesla's strong market position and growth potential, attracting investors to the stock.
• Overall, Tesla's performance today, outperforming the market, could be a reflection of its strong brand presence, technological advancements, and investor optimism in the EV sector.

19.08.2024 - TSLA Stock was up 5.7%

• Tesla's stock experienced a strong bullish movement today, likely driven by several factors:
• NIO hiring ex-Tesla store managers, which could indicate Tesla's strong influence in the EV market, boosting investor confidence in the company's leadership and brand.
• The anticipation surrounding Tesla's potential reveal of wireless charging technology at the upcoming robotaxi event, sparking investor excitement and optimism about future growth prospects.
• The overall positive sentiment in the market, as indicated by the premarket session's buoyancy, likely contributed to the bullish movement in Tesla's stock.
• The comparison between Tesla and Ford's EV features, with Ford adding karaoke (a popular Tesla feature) to select models, highlighting Tesla's leading position in the EV market and driving investor interest in the company.