Main topic: VinFast's remarkable debut on the Nasdaq public exchange and its ambitious plans to break into the U.S. marketplace.
Key points:
1. VinFast's stock price soared 68% on its debut, giving it a valuation of $86 billion, surpassing established automakers like Ford, GM, and Stellantis.
2. Despite a subsequent drop in stock price, VinFast still maintains a market cap ahead of other automakers.
3. VinFast aims to enter the U.S. market by building a $2 billion EV factory in North Carolina and opening showrooms in California and other states.
Hint on Elon Musk: Elon Musk is the CEO of Tesla, a prominent electric vehicle manufacturer, and the search for the next Tesla may be driving investor interest in VinFast.
Tesla's lack of specifics on the Cybertruck, including its specs and starting price, has caused a decline in its stock value and uncertainty among analysts.
Wedbush analyst Dan Ives predicts that Tesla's Supercharger network will generate $10 to $20 billion in annual revenue by 2030, representing 3% to 6% of Tesla's total revenue.
Huge price reductions and increased availability are driving growth in the electric vehicle market, which saw record sales in 2023, as major manufacturers like Tesla, Ford, and General Motors lower their prices and pass on cost savings from raw materials to consumers.
Tesla is launching a powerful supercomputer that will enhance its computing capabilities for artificial intelligence (AI) applications and high-performance computing (HPC) workloads, making it one of the world's fastest supercomputers and giving the company a competitive edge in the automotive industry.
Tesla's stock is surging and flirting with a buy point due to positive buzz around the company's upgraded Model 3 and upcoming Cybertruck, as well as the increase in Tesla insurance registrations in China.
Tesla has reduced the price of its Full Self-Driving (FSD) software by $3,000 in the US, bringing the cost down to $12,000, in a move that is likely aimed at boosting financials for the quarter.
Tesla has lowered prices on its Model S and X vehicles, with reductions of 15-19% in the US and similar cuts globally, except for the recently introduced Standard Range model; the base price for the larger-battery versions of both cars is now cheaper than the smaller-battery versions, and the base model now has a larger estimated EPA range; additionally, all paint colors are now included in the base price, and due to changes in federal EV tax credit caps, the Model X can now be cheaper than the Model S after incentives.
Tesla's stock performance has been mixed as of late, facing increasing competition and pressure to release the Cybertruck, but it remains a dominant EV maker with a strong charging network.
Tesla has raised prices on a key model after previously lowering them, causing the stock to tumble.
Tesla has released a revamped version of its Model 3 sedan, featuring a sleeker design and new features, while raising the price by 12% in China and cutting the price of its Full Self-Driving feature in the US by $3,000.
Tesla has reduced the price of its full self-driving beta software from $15,000 to $12,000, offering advanced driver assistance system features such as stopping at traffic lights and stop signs. However, concerns over the software's safety prompted a recall earlier this year.
The stock of Tesla dropped over 5% due to the launch of new hardware, but software may have been a bigger factor.
Tesla was able to boost its sales in China by 9.3% in August, thanks to price cuts.
Shares of Tesla Inc. rose 2.7% to buck the trend of weakness in the electric vehicle market, as the stock looks to rally over 20% above its recent low.
Tesla's autonomous self-driving software has the potential to become its most lucrative opportunity, according to Cathie Wood of Ark Investment Management, who predicts that Tesla's stock could soar and the company could achieve one of the highest valuations in the world.
Tesla CEO Elon Musk, despite previous prioritization of developing a robotaxi, has been convinced by company executives to focus on both a $25,000 electric car and the robotaxi, according to Musk's biographer Walter Isaacson.
Tesla's upcoming $25,000 electric car and dedicated robotaxi vehicle will have a futuristic design similar to the Cybertruck, according to details revealed in an authorized biography of Elon Musk.
Tesla is set to release a new $25,000 electric car, potentially revolutionizing the world of EVs with its affordable price and expected range of 250-300 miles on a single charge.
Tesla is gaining momentum on Wall Street as an artificial intelligence stock.
Tesla's supercomputer, Dojo, has the potential to increase the company's market capitalization by $600 billion, according to Morgan Stanley, as it can train AI models for autonomous cars and open up new markets beyond vehicle sales.
Tesla's stock is rising after an optimistic report from Morgan Stanley about Tesla's Dojo supercomputer, which could add about $500 billion in value to the company and potentially become a direct revenue generator.
Morgan Stanley upgrades Tesla's stock and raises its price target to $400 per share, citing optimism over Tesla's new machine-learning supercomputer, Dojo, which has the potential to drive the company's growth beyond the automotive sector.
Tesla's stock rose 6% after being upgraded by Morgan Stanley due to the company's potential in autonomous driving, while J.M. Smucker lost 6.2% following its agreement to acquire Hostess Brands for $5.6 billion, and Tenable Holdings gained 4.3% after receiving an upgrade from JPMorgan.
Tesla stock surged 10% after a Morgan Stanley analyst upgrade highlighted the potential of the company's artificial intelligence capabilities and software and services revenue.
Tesla's stock jumped 10.09% and snapped a three-day losing streak, closing at $273.58, as the overall stock market experienced a positive trading session.
Tesla's stock broke through upside technical resistance and entered a fresh bull market, thanks to bullish fundamental factors such as an analyst upgrade and the labor battles faced by its rivals.
Tesla's market cap experienced a $70 billion surge after Morgan Stanley published a bullish report on the company's Dojo supercomputer, which is expected to solve hardware problems in AI and potentially contribute to the realization of Elon Musk's vision of full self-driving cars.
Analyst suggests that while Tesla is not a good buy at the moment, stocks of Ford and GM are worth considering.
Tesla's emphasis on price cuts to drive sales growth may hinder its ability to achieve higher margins and long-term profitability, leading Needham analyst Chris Pierce to have a "Hold" rating on the stock and believe that the company is on a path to becoming a mass-market OEM at a faster pace than previously expected.
Tesla is planning to build another factory and is being sought after by various locations around the world.
Despite Tesla's record deliveries in the second quarter, the series of price cuts have impacted margins and Goldman Sachs analyst Mark Delaney expects Tesla to continue slashing prices in 2024 to support higher volumes, resulting in lower vehicle sales than previously anticipated in Q3 and reduced EPS estimates for 2023 and 2024.
Goldman Sachs lowers its profit outlook for Tesla due to lower average selling prices and predicts that the company may cut vehicle prices in 2024 to maintain high volumes, leading to a decrease in Tesla stock.
Analysts at Morgan Stanley have upgraded Tesla stock to "Overweight" and raised their price objective from $250 to $400, citing the potential value of the new Dojo system, which they believe could add $500 billion to Tesla's market in the future; however, skepticism remains about the timing and impact of the technology, and concerns persist about Tesla's core business and declining margins.
Shares of Tesla Inc. TSLA fell 2.62% to $255.70 as the stock market experienced a poor trading session, with NASDAQ and Dow Jones also declining.
