The long-standing debate among investors whether Tesla Inc. should be valued as a carmaker or a technology superpower came close to a resolution this week as the company laid out plans for a dramatic reshuffling of its factory lines.
Tesla Inc. vehicles are transported on a truck after leaving the company's manufacturing facility in Fremont, California, U.S., on Wednesday, June 20, 2018. Tesla CEO Elon Musk said the company needed another general assembly line to reach its production targets for the Model 3 vehicle. "A new building was impossible, so we built a giant tent in 2 weeks," Musk said on Twitter.
Carvana Co. shares bounced back from a steep selloff after Wall Street analysts rushed to defend the online used-car dealer’s business following a report from short seller Gotham City Research that accused the company of overstating earnings.
A worker loads vehicles onto a transporter at a Carvana vending machine location in Uniondale, New York. Photographer: Angus Mordant/Bloomberg
Carvana Co.’s shares fell the most in more than nine months after a short seller alleged the online auto retailer overstated earnings with the help of close ties to businesses controlled by the family of Chief Executive Officer Ernie Garcia III.
A Carvana vending machine in Uniondale, New York, US, on Tuesday, April 16, 2024. Carvana Co. is scheduled to release earnings figures on May 1.
General Motors Co.’s blockbuster fourth-quarter results prompted more than a dozen Wall Street analysts to boost their price targets on the carmaker, sending a signal to investors that the furious rally in the stock is far from over.
Chevrolet Silverado 1500s and GMC Sierra 1500s on the assembly line at the General Motors assembly plant in Fort Wayne, Indiana.
Wall Street is giving off mixed signals about Tesla Inc. Analysts are increasingly skeptical of the electric-vehicle maker’s earnings potential this year, but their expectations for the company’s stock price keep climbing.
Over the past 12 months, the average forecast for Tesla’s 2026 net income has tumbled 56%.
Wall Street is giving off mixed signals about Tesla Inc. Analysts are increasingly skeptical of the electric-vehicle maker’s earnings potential this year, but their expectations for the company’s stock price keep climbing.
Over the past 12 months, the average forecast for Tesla’s 2026 net income has tumbled 56%.
Tesla Inc. shares extended a rally climbing as much as 4.9% Monday and are on pace to close at an all-time high for the first time since December 2024, defying growing concerns about the company’s soaring valuation.
Tesla Inc. shares extended a rally climbing as much as 4.9% Monday and are on pace to close at an all-time high for the first time since December 2024, defying growing concerns about the company’s soaring valuation.
An upcoming US Supreme Court ruling on the legality of the sweeping tariffs that President Donald Trump rolled out in April — briefly sending markets worldwide into a tailspin — could be the next test for stocks that have been flying high.
An upcoming US Supreme Court ruling on the legality of the sweeping tariffs that President Donald Trump rolled out in April — briefly sending markets worldwide into a tailspin — could be the next test for stocks that have been flying high.
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