Tesla Inc shares are trading higher, buoyed by CEO Elon Musk’s announcement that his AI chatbot, Grok, will be integrated into Tesla vehicles as early as next week. This news has injected fresh optimism into the electric vehicle maker’s stock, highlighting its continued push into artificial intelligence.
What to Know
- Tesla’s positive momentum comes as Wedbush analyst Dan Ives reiterated his call for the Tesla board to establish “guardrails” for Musk.
- Ives urged the board to ensure the CEO remains focused on Tesla’s ambitious autonomous and robotics goals.
- The call for oversight followed Musk’s recent political commentary, which has been a point of contention for some investors.
- Musk publicly retorted to Ives’s suggestion on social media with a blunt “Shut up, Dan.”
Governance Concerns
- A coalition of 27 major Tesla investors is now formally pressuring the company’s Board of Directors to schedule the annual shareholder meeting.
- The group, which includes U.S. state treasurers and prominent pension funds, sent a letter voicing significant apprehension over:
- Musk’s escalating political feud with President Donald Trump
- His new political ambitions with the “America Party”
- The company’s declining sales figures
- The investors’ demand carries weight, as they have pointed out that under Texas law, they can petition a court to compel a meeting if the board fails to convene one within a 13-month period.
Market Challenges
- Tesla navigates a challenging market, with sales experiencing double-digit drops in several regions.
- The recent termination of the $7,500 federal EV tax credit under the Trump administration’s new budget adds to the pressure.
Stock Rankings
- Based on the latest stock rankings, Tesla presents a profile dominated by strong growth but offset by poor value and momentum metrics.
- The company earns an exceptional Growth score, indicating it is a leader in metrics like revenue and earnings expansion.
- However, this is sharply contrasted by a low Momentum score, suggesting the stock’s recent price trend has been weak.
- Its Value score is a mere, signaling that the stock is considered expensive relative to its underlying financial fundamentals.
Price Action
- TSLA shares are trading higher by 2.8% to $304.18.
- The stock has a 52-week high of $488.54 and a 52-week low of $182.00.
How to Buy TSLA Stock
To participate in the market for Tesla, you can buy shares through a brokerage account. Many platforms allow you to buy “fractional shares,” which enables you to own portions of stock without buying an entire share. If you’re looking to bet against the company, you’ll need access to an options trading platform or a broker who will allow you to “go short” a share of stock.
Buying Shares
- Find a list of possible trading platforms.
- Many will allow you to buy “fractional shares,” which enables you to own portions of stock without buying an entire share.
- In the case of Tesla, $100 would buy you about 0.33 shares of stock.
Betting Against the Company
- You’ll need access to an options trading platform or a broker who will allow you to “go short” a share of stock.
- You can either buy a put option or sell a call option at a strike price above where shares are currently trading, allowing you to profit off of the share price decline.