Tesla Inc is trading up by 1.43% to $344.56 as investors continue to digest a mix of headwinds from U.S. regulators alongside technology initiatives in robotics and artificial intelligence.
What to Know
The electric vehicle maker is facing intensified scrutiny from the National Highway Traffic Safety Administration (NHTSA), which has launched a probe into delays in crash reporting related to its Autopilot and Full Self-Driving (FSD) systems. This adds to the company’s recent legal challenges, including a class-action lawsuit alleging misleading statements about its FSD capabilities.
Product Updates
- Tesla announced a $15,000 price increase for its top-tier “Cyberbeast” Cybertruck, bringing the new cost to $114,990.
- The company is seeing very low inventory for its popular Model Y in the U.S., potentially signaling a sales surge ahead of the September 30 expiration of the $7,500 federal EV tax credit.
- Tesla plans to introduce new AI chatbots in its Chinese vehicles through a partnership with ByteDance.
Robotics and Artificial Intelligence
Tesla is reportedly revamping the training strategy for its Optimus humanoid robot, shifting to a “vision-only” approach that relies on video data, a significant departure from industry-standard methods.
Price Action
TSLA shares are trading up by 1.43% at $340.84. The stock has a 52-week high of $488.54 and a 52-week low of $202.59.
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. For example, with Tesla trading at $340.8, $100 would buy you 0.29 shares of stock.
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. Alternatively, you can trade options by buying a put option or selling a call option at a strike price above where shares are currently trading.
Additional Resources
For more information on buying and trading stocks, you can find a list of possible trading platforms and resources on how to short a stock.