stock outlook amid robotaxi push and political shifts By Investing.com
Tesla, Inc. (NASDAQ:), the electric vehicle (EV) pioneer, continues to captivate investors and analysts with its ambitious plans and market-leading position in the automotive industry. Recent analyses from various financial institutions provide insights into Tesla’s current standing and future prospects, painting a complex picture of opportunities and challenges for the company.
Financial Performance and Market Position
Tesla’s third-quarter 2024 results exceeded expectations, with a notable beat on automotive gross margins. The company reported a gross margin of 17.1%, surpassing consensus estimates of 15.1%. This strong performance was attributed to cost reductions, improved Cybertruck margins, benefits from Full Self-Driving (FSD)…
