Tesla, Model X and Elon Musk
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Tesla profits slumped 46% last year
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Initially, when electric-car maker Tesla ( TSLA 3.45%) released its fourth-quarter results, the stock popped. But shortly after the market opened on Thursday, the stock's return for the day turned negative. This has added to the stock's weakness in recent weeks. As of this writing, the stock is down more than 11% over the past month.
Wall Street price targets for Tesla stock went up and down after the electric-vehicle maker reported better-than-expected fourth-quarter earnings on Wednesday evening. Mizuho analyst Vijay Rakesh raised his price target $10 to $540.
Tesla just wrapped up its earnings call for the 2025 fiscal year, in which it recorded that its year-on-year profits dropped by nearly half. Its GAAP net income came to US$3.8 billion, down from $7.1 billion in 2024,
Tesla gained 3% after Musk said Optimus humanoid robots will be sold to consumers by end of 2026 following safety testing.
Tesla’s stock, which raced to an all-time high in December before retreating some, trades at more than 195 times its expected earnings over the next 12 months as of Monday’s close.
Dan Ives reiterates position that Tesla has the potential to reach a $2 trillion market capitalization in early 2026. ・Goldman Sachs said Tesla’s valuation has long hinged on AI-driven profits, which will come under even greater scrutiny as planned capital spending ramps up.
Tesla robotaxis are consistently cheaper than Uber, Lyft or Waymo in San Francisco, according to a fresh study of the rapidly evolving market. Why it matters: The economics of ride-hailing are changing quickly as robotaxis hit the road — and over time,
Boston Dynamics' Atlas appears to have an edge over Tesla's Optimus.