Nasdaq TSLA Tesla

U.S. Federal Trade Commission Chair Lina Khan is set to testify on July 13 before the House Judiciary Committee led by Republicans who have sharply criticized her leadership of the antitrust enforcement agency, the committee and commission confirmed on Friday.

Shares of Tesla ( NASDAQ:TSLA ) have been red-hot lately, soaring more than 137% year-to-date. Undoubtedly, as the AI wave spreads to Tesla, the stakes (and investor expectations) are climbing higher again. For years, many upbeat investors have viewed Tesla as more of a high-tech innovator than just another run-of-the-mill auto company. CEO Elon Musk is a genius pioneer and a visionary, and if he says robotaxis are coming, investors have every reason to believe the man. After all, those who doubted him have been left sitting on the sidelines as the EV juggernaut saw its market cap swell in size. Though I believe Tesla stock is worthy of a tech multiple, I'm not so sure the recent blast of AI enthusiasm is warranted. Tesla's self-driving ambitions are really nothing new. The rise of ChatGPT and other AI innovators may have caused money to chase anything remotely touching AI, and if those much-awaited autonomous Tesla robotaxis aren't dominating the roads in a sufficient timeframe, Tesla stock may be in a spot to backtrack on recent gains. Elon Musk himself said Tesla's market cap is tied to autonomy. For years, self-driving cars have been one of the holy grails of AI technology. Thus far, it's proven quite difficult to shift gears to full autonomy. Though Tesla has the data advantage and competent tech talent to get the job done, the robotaxi timeline, I believe, remains as hazy as ever. Personally, I wouldn't chase Tesla stock after a hot run on old news that seems to be getting new life. For that reason, I'm taking on a neutral stance on shares of Tesla. Tesla Stock: AI Hype May be Getting Out of Hand Tesla could have a lot to gain in the AI race if it can get self-driving tech where it needs to be. Just ask Cathie Wood, who touted Tesla as "one of the biggest AI opportunities out there." Tesla certainly deserves some "AI premium" on its share price, but how much remains the billion-dollar question. Tesla isn't the only competitor in the space. AI kingpin and ad-tech behemoth Alphabet ( NASDAQ:GOOGL ) has Waymo, which may or may not be in a spot to pull ahead of Tesla and the rest of the pack. The real question is whether an AI-heavy software company can outcompete an auto company with unmatched tech savviness. I'm unsure which firm has the edge at this juncture. However, I do find the valuation of GOOGL stock (27.4 times trailing price-to-earnings) to be far more attractive. At writing, TSLA stock trades at 77.8 times trailing price-to-earnings. That's steep for an auto company or a technology company. At $256 and change, there's a pretty high bar set ahead of Tesla stock. With a high bar comes a high risk of coming short. Tesla Looks Like a Top Firm That Could Solve Autonomous Driving Even if Tesla is one of the first to solve the autonomous-driving problem, rivals may not be too far behind. Further, the race for full-autonomous driving may not be over once we have self-driving cars dominating the streets. Though I do not doubt Tesla's autonomous-driving tech, it's hard to tell whether the robotaxi service will take off in just a few years or if it'll take a while longer than that. Without greater clarity on the autonomy timeline, I find it tough to value Tesla stock. RBC analyst Tom Narayan believes 70% of Tesla's valuation is centered on autonomous tech. Indeed, there could be a lot to gain if Tesla is able to keep up with such upbeat analysts. After such an impressive run, even Cathie Wood — one of Tesla's biggest believers — appears more than willing to trim her stake. Just last week, news broke that ARK Invest sold around 393,000 worth of Tesla shares. Is TSLA Stock a Buy, According to Analysts? Turning to Wall Street, TSLA stock comes in as a Moderate Buy. Out of 31 analyst ratings, there are 14 Buys, 12 Holds, and five Sells. The  average Tesla stock price target is $216.46, implying downside potential of 15.6%. Analyst price targets range from a low of $85.00 per share to a high of $335.00 per share. The Bottom Line on TSLA Shares It's not just AI hype that's driven up Tesla stock of late. Undoubtedly, excitement over the company's charging network and bullish analyst notes have also been rally fuel. For the most part, though, I believe any additional upside from here could be the result of AI FOMO (fear of missing out). Disclosure

U.S. stocks closed lower on Friday, capping a week dominated by Federal Reserve Chairman Jerome Powell's testimony in which he signaled more interest rate hikes ahead but vowed the central bank would proceed with caution.

U.S. stocks closed lower on Friday, capping a week dominated by Federal Reserve Chairman Jerome Powell's testimony in which he signaled more interest rate hikes ahead but vowed the central bank would proceed with caution.

A U.S. Democratic lawmaker plans to reintroduce a bipartisan bill next month that would allow electricity generated from renewable biomass to qualify for credits under the nation's biofuel blending program.

U.S. stocks fell broadly on Friday, capping a week dominated by U.S. Federal Reserve Chairman Jerome Powell's testimony in which he signaled more interest rate hikes ahead but vowed the central bank would proceed with caution.

Tesla TSLA has proven to be a super stock this year, having gained 115% (as of Jun 22, 2023). This leads to the question of whether it is time to sell Tesla?

Washington state plans to require electric vehicle charging companies to include Tesla's plug if they want to be part of a state program to electrify highways using federal dollars, an official told Reuters on Thursday.

What happened Electric vehicle stocks had a rough week as investors started to rethink the recent bullishness about the industry.

Wall Street's main indexes fell on Friday and were set for weekly declines as hawkish comments from Federal Reserve officials fueled worries of interest rates staying higher for longer.

In early trading on Friday, shares of Carmax topped the list of the day's best performing components of the S&P 500 index, trading up 7.6%. Year to date, Carmax registers a 38.5% gain.

Wall Street's main indexes fell on Friday and were set for weekly declines as hawkish comments from Federal Reserve officials fueled worries of interest rates staying higher for longer.

Mining's biggest companies are already using artificial intelligence for a variety of purposes such as improving safety and efficiency. But an up-and-coming player has a technology that's wowed venture capital firms backed by some of the world's most famous investors.

This year's tech-led market rally is showing some signs of cooling. The tech-heavy Nasdaq Composite has declined nearly 1% since June 16. While it's debatable whether this signals that the Nasdaq Composite's strong momentum this year could take a breather for a while, one thing i

Below is Validea's guru fundamental report for TESLA INC (TSLA). Of the 22 guru strategies we follow, TSLA rates highest using our Small-Cap Growth Investor model based on the published strategy of Motley Fool. This strategy looks for small cap growth stocks with solid fundament

Lithium producers are growing anxious that delays in mine permitting, staffing shortages and inflation may hinder their ability to supply enough of the battery metal to meet the world's aggressive electrification timelines.

Some of the greatest fight matchups in history include:

For Immediate ReleaseChicago, IL – June 23, 2023 – Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the finan

Lithium producers are growing anxious that delays in mine permitting, staffing shortages and inflation may hinder their ability to supply enough of the battery metal to meet the world's aggressive electrification timelines.