Musk Debuts $70,000 Tesla in India to Boost Market
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With the stock sporting a triple-digit price-to-earnings ratio (and that's on a forward-looking basis), the case for buying Tesla before its July earnings report just isn't there. Any new investor is betting big on the company's ability to deliver on its bold promises -- I'm not confident it can.
US electric vehicle giant Tesla has launched its first showroom, in India's largest commercial city of Mumbai. It represents the company's opening move into the huge Indian car market.
As Elon Musk contemplates the relationship between several of his companies, he said on social media that Tesla shareholders will vote on whether to invest in xAI.
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Investor's Business Daily on MSNTesla Stock Has A New Base And Cathie Wood Is Buying As Elon Musk Looks To Consolidate Business EmpireCathie Wood and Ark Invest scooped up nearly 60,000 shares of TeslaTSLA in Friday's stock market as CEO Elon Musk seeks further cooperation between his businesses with SpaceX and potentially Tesla investing in his artificial intelligence company,
“To have one of the biggest companies in the world, not have a full-time CEO is unheard of,” said Ross Gerber, CEO of Gerber Kawasaki, an investment firm and one of the early investors in Tesla. Gerber, a previous fan of the company and Musk, thinks he has now become a problem for Tesla.