Main financial assets discussed: Tesla, Inc. (NASDAQ:TSLA)
Top 3 key points:
1. Tesla bears argue that the company's profitability is not sustainable and that its valuation is too high compared to other automakers.
2. The common sense perspective counters these concerns by highlighting Tesla's focus on market share, cost reduction, and future revenue opportunities.
3. The article emphasizes the importance of considering Tesla's mission, innovation, financial strength, and talented leadership team when making investment decisions.
Recommended actions: **Buy** (based on the author's bullish stance on Tesla)
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 is predicted to reach a value of $1.00 by the end of the year, and despite mixed opinions on its quality, it is seen as a dominant force in the automotive industry similar to other successful tech companies like Apple, Nvidia, Google, Amazon, and Microsoft.
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 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.
Morgan Stanley upgrades Tesla and makes it a top pick with analyst Adam Jonas predicting a 60% rally, while Gilead Sciences could jump nearly 30% as biopharma bounces back, says Bank of America.
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 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.
Tech stocks rallied, with Tesla surging more than 10% after an upgrade by Morgan Stanley, and Qualcomm jumping almost 4% on news of a continued supply agreement with Apple, leading to a 1.14% increase in the Nasdaq Composite.
J.M. Smucker Co. is acquiring Hostess Brands for $5.6 billion, expanding its portfolio of beloved brands and accelerating its focus on convenient consumer occasions.
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.
Tesla received a bullish upgrade from Morgan Stanley analyst Adam Jonas due to the potential value of its Dojo supercomputer, but Gordon Johnson of GLJ Research disagrees, criticizing the speculative nature of Jonas' claims and highlighting issues with Tesla's advanced driver assistance technology, leading him to rate TSLA shares as Sell.
Tesla was the most shorted large-cap stock in the US for the third consecutive month in August, but saw a 10% rally after a bullish research note from Morgan Stanley.
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.
Tesla stock has received an upgrade despite falling 6.8% in September due to downgrades and estimate cuts, providing some positive news amidst concerns over delivery outlook.
Shares of Tesla Inc. rose 2.44% as the stock market had a favorable trading session, snapping a two-day losing streak.
Tesla stock faces new troubles as delivery numbers disappoint and sale prices decline, while CEO Elon Musk faces legal troubles over Twitter disclosure; however, analysts still back Tesla with a Moderate Buy rating and a 9.24% upside potential.
Tesla's stock ended the latest trading session at $259.67, with a slight decrease of -0.33%, and analysts are closely watching the company's upcoming earnings disclosure, expecting a decrease in EPS but an increase in revenue compared to the previous year.
Investors are driving Tesla closer to rejoining the $1 trillion club with a market cap of $850 billion, but the company's Q3 delivery performance and price cuts highlight challenges ahead.
