#tesla

#tesla

A state judge ruled that Tesla can't sell or manufacture cars in California for 30 days over false advertising claims about their full self-driving' mode. But the California DMV cut Tesla some slack, giving them 60 days to fix the ads. It had kind of fallen out of the headlines lately that California Attorney General Rob Bonta had sued electric car manufacturer Tesla over wildly exaggerated claims of autopilot and full self-driving capability in their vehicles' marketing materials.

There's been no dearth of sell signals for Tesla Inc. It's facing a potential sales halt in California, an electric vehicle slowdown across the US and is losing market share in China and Europe. But all that hasn't deterred investors excited about its work with artificial intelligence and autonomous-driving development efforts. The carmaker's shares have rallied 25% since a low on Nov. 21, notching a record for the first time this year.

Technology stocks are buzzing this morning with a wave of developments. Among them, Tesla ( Nasdaq: TSLA) has captured the spotlight. Wedbush tech analyst Dan Ives is calling 2026 a "monster year" for Tesla and Elon Musk as the EV maker leans harder into autonomous driving and robotics. He sees Tesla's valuation climbing to around $2 trillion next year, with a bull-case scenario of $3 trillion by year-end 2026 amid a successful AI strategy. Wedbush has reemphasized its "outperform" rating on TSLA stock.

As a new era of Tesla seems to be on the horizon, the concern about vehicle deliveries and annual growth seems to be fading, at least according to many investors. Even CEO Elon Musk has implied at times that the automotive side, as a whole, will only make up a small percentage of Tesla's total valuation, as Optimus and AI begin to shine with importance.

Tesla has added a new feature that will be great for crowded parking lots, congested parking garages, or other confusing times when you cannot seem to pinpoint where your car went. Tesla has added a new Vehicle Locator feature to the Tesla App with App Update v4.51.5. This is the most recent iteration of the app and was priming owners for the slowly-released Holiday Update.

(Bloomberg/Matthew Griffin) Elon Musk is eager to transform Tesla Inc. into a robotics and artificial intelligence company, but the electric-vehicle maker's stock price already reflects those businesses and is at a full valuation, according to Morgan Stanley, which lowered its rating on the company to the equivalent of a hold, its first cut since June 2023. Tesla shares trade at about 210 times projected earnings over the next 12 months,

Percoco took over and immediately adjusted the price target for Tesla from $410 to $425, and changed its rating on shares from 'Overweight' to 'Equal Weight.' Percoco said he believes Tesla is the leading company in terms of electric vehicles, manufacturing, renewable energy, and real-world AI, so it deserves a premium valuation. However, he admits the high expectations for the company could provide for a "choppy trading environment" for the next year.

It will certainly be interesting to write the obituary for 2025. Given that there's one month left in this fiscal year (plenty of time for lots to take place), I wouldn't be surprised to either see an incredible Santa Claus rally materialize into year end, or a continuation of some of the bearish momentum we've seen build form into a full-blown market selloff as investors reposition their portfolios for more downside as this AI selloff continues.

Dr. Michael Burry has been quite vocal of late, thanks in part to the launch of his "Cassandra Unchained" commentary on Substack, which may very well allow the contrarian to be heard like never before. Undoubtedly, Dr. Burry is being heard loud and clear of late, with his commentary surrounding the state of the AI bubble and his bearish stances on a number of overvalued companies that have been driven higher on euphoric AI hopes.

The US automaker's sales rose 9.9% in November compared to the same month last year, according to data released by China's Passenger Car Association on Tuesday. That's a rare win for Tesla, which has had a difficult year in almost all of its biggest markets. The company has faced a sales collapse in Europe, been squeezed by intense competition in EV-friendly China, and is on track to see its overall sales decline for the second consecutive year.