Nasdaq TSLA Tesla

Wall Street tumbled on Thursday on worries of a global economic downturn from aggressive central bank policy and fears that a rout in global currency and debt markets could spillover to stocks.

Over the years, Tesla TSLA has evolved into a dynamic technology innovator. The electric vehicle (EV) titan will hold its much-awaited Artificial Intelligence (AI) Day event tomorrow as confirmed by the company’s ingenious CEO Musk on Twitter. The event will outline Tesla

U.S. stock indexes slipped on Thursday as worries of a global economic downturn from aggressive central bank rate hikes and risks of potential contagion from a turmoil in UK markets turned investors risk averse.

One of the most important concepts investors should learn is that there are both good and bad reasons to sell stocks. In this video, Certified Financial Planner® Matt Frankel discusses five good reasons to walk away from a stock (as well as three bad reasons to hit the sell butto

The stock market finally broke out of its slump on Wednesday, but market participants appear disappointed with the lack of follow-through in premarket trading on Thursday. Futures contracts on the Dow Jones Industrial Average (DJINDICES: ^DJI), S&P 500 (SNPINDEX: ^GSPC), and

Electric vehicle (EV) maker Tesla’s (NASDAQ:TSLA) co-founder and CEO Elon Musk was yet again hailed as the king in the race to be the world’s richest man, as per Forbes.

Tesla is preparing for its much-awaited second A.I. (artificial intelligence) day, scheduled for September 30. On his Twitter account, Musk has promised “lots of technical detail & cool hardware demos” for the event. Investors are expecting further updates on Tesla’s advanced driving software, Full Self Driving (FSD), which is projected to take over the future of robotaxis.

Similarly, Musk’s launch of a humanoid robot labeled Optimus last year, may also be a focus on the A.I. Day 2, analyst Daniel Ives of Wedbush noted. Moreover, progress on Dojo, a supercomputer built to improve the brains behind Tesla’s driving systems, may also be discussed, a Bloomberg report stated.

Musk’s Ongoing Battles

Known for his many shenanigans, Musk is currently in the limelight for his ongoing battle with social media site Twitter (NYSE:TWTR). However, both Musk and Twitter’s CEO, Parag Agrawal, decided to put up a no-show at the latest deposition, thus, undermining the gravity of the case.

On the other hand, Musk is trying to get freedom from a 2018 mandate that requires some of his tweets to be vetted by a lawyer before they are posted. In a brief filed on Thursday, Musk’s lawyers called the mandate a “government-imposed muzzle” and “contrary to the American principles of free speech and open debate.”

Tesla Q3 Delivery Numbers are Expected Soon

Analyst Alexander Potter of Piper Sandler cut the price target on TSLA stock to $340 (18.1% upside potential) from $360 while keeping a Buy rating. The analyst thinks that Tesla’s consensus delivery estimates for Q3 are “probably too high.”

Accordingly, the analyst cut his Q3 delivery estimates to 354,000 autos from 380,000 autos. At the same time, he maintained his full-year delivery estimate of 1.36 million autos. Potter also believes that Tesla’s Shanghai factory capacity remains intact and any changes in market share in China may be a result of its own lower build rates.

Is Tesla Stock a Buy, Sell, or Hold?

Analysts remain split on Tesla stock’s future trajectory. On TipRanks, TSLA stock has a Moderate Buy consensus rating. This is based on 18 Buys, six Holds, and five Sells. The average Tesla price target of $311.21 implies a modest 8.1% upside potential to current levels. Meanwhile, the stock has lost 28% so far this year.

Ending Thoughts

Thanks to his witty demeanor, Musk has had a love-hate relationship with the masses, especially social media fanatics. Most of the time, Tesla stock ends up paying the brunt of Musk’s actions. Nonetheless, the EV maker is one of the largest in the U.S. and has a promising future. Tesla’s AI Day 2, Q3 delivery numbers, and Musk’s scheduled October 17 trial in the Twitter case will dominate the trajectory of TSLA stock in the short run.

Disclosure 

U.S. stock indexes were set to open lower on Thursday as worries of a global economic downturn from aggressive central bank rate hikes and risks of potential contagion from a turmoil in UK markets turned investors risk averse.

The NASDAQ 100 Pre-Market Indicator is down -160.55 to 11,333.28. The total Pre-Market volume is currently 50,067,845 shares traded.The following are the most active stocks for the pre-market session: ProShares UltraPro QQQ (TQQQ) is -0.71 at $21.56, with 10,577,900 shares trade

U.S. stock index futures fell on Thursday on worries of a global economic downturn from aggressive interest-rate hikes by central banks and risks of a potential contagion from a turmoil in UK markets.

The Dow and S&P futures fell for the seventh time in eight sessions on Thursday as investors worried about a global downturn from aggressive rate hikes by central banks and weighed the risk of a potential contagion from a turmoil in UK markets.

Polestar Automotive Holding (NASDAQ: PSNY), a Swedish electric vehicle (EV) maker that was spun off from Geely's (OTC: GELYY) Volvo (OTC: VLVL.Y), went public this June by merging with a special-purpose acquisition company (SPAC).

Portfolio manager Cathie Wood's ARK Innovation ETF (NYSEMKT: ARKK) is made up of a who's who of high-flying growth stocks. ARK Invest and Wood focus more on today's hottest companies, buying shares of disruptive innovators. Wood's picks are known more for aggressive upside potent

Some major advertisers including Dyson, Mazda, Forbes and PBS Kids have suspended their marketing campaigns or removed their ads from parts of Twitter because their promotions appeared alongside tweets soliciting child pornography, the companies told Reuters.

Some major advertisers including Dyson, Mazda and chemicals company Ecolab have suspended their marketing campaigns or removed their ads from parts of Twitter because their promotions appeared alongside tweets soliciting child pornography, the companies told Reuters.

Tesla Inc said on Wednesday that Airbnb Inc co-founder Joseph Gebbia has joined the electric vehicle maker's board, reversing a move to trim the number of directors at the world's most valuable carmaker.

Some major advertisers including Dyson, Mazda and chemicals company Ecolab have suspended their marketing campaigns or removed their ads from parts of Twitter because their promotions appeared alongside tweets soliciting child pornography, the companies told Reuters.

In trading on Wednesday, the Junior Gold Miners ETF is outperforming other ETFs, up about 5.8% on the day. Components of that ETF showing particular strength include shares of Coeur Mining, up about 13.8% and shares of Equinox Gold, up about 11.7% on the day.

Apple Inc shares fell more than 4% on Wednesday after a report that the tech giant was ditching its plans to boost production of the latest iPhone fueled demand worries.

You might be living under a rock if you haven't heard the word "recession" being thrown around in the media over the past few months. Thanks to inflation, the Federal Reserve's efforts to control inflation, and an overflow of global problems, a worldwide economic contraction is o

The Dow and S&P 500 were set to open higher on Wednesday as easing Treasury yields gently lifted rate-sensitive growth stocks, but the gains were capped by losses in Apple Inc after it dropped plans to boost iPhone production.