Fantastic News for Tesla Stock Investors!
This news comes with several caveats that investors should keep in mind.
Overview
Tesla (NASDAQ:TSLA) has significantly lagged broader equities this year, partly because its core electric vehicle (EV) business has faced headwinds. However, the company is working on projects that could substantially improve its financial results. One of them is its humanoid robot, which CEO Elon Musk claimed will be the "biggest product ever." The other is Tesla's robotaxi fleet, which, once it scales, could transform Tesla's business for the better.
The company has made progress on both fronts recently, and it even achieved an important milestone within its robotaxi business that investors should take note of.
Image source: The Motley Fool.
Details
Source
Originally published at www.fool.com.
Related Articles
- I’m a single 58-year-old veteran with $1.5 million in assets and a VA pension. Can I afford to retire?
- Worried About the September Effect? Here’s What History Tells Us About Investing During What’s Generally Been the Worst Month for Stocks.
- Forget Chasing Trends: Here's What I'd Actually Invest In Right Now