Tesla’s stock falls
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Tesla stock is vulnerable to a significant correction due to its lofty valuation.
Gordon Johnson predicts Tesla's stock could fall to $25 a share, citing its sky-high valuation, slowing sales, and changes in options trading.
Tesla just posted record deliveries while its margins cratered, and BYD keeps selling millions of cars to a stock market that barely notices. Only one of these EV giants is actually set up for a bigger move from here.
Dimon, on the other hand, runs the U.S.'s largest bank, JPMorgan Chase ( JPM -0.45%), and is lauded for his years of experience and wisdom. He successfully steered JPMorgan through the Great Recession and the COVID-19 pandemic and continues to deliver solid returns for investors.
Tesla shares have surged in recent weeks, but still have a ways to go before returning to positive territory for the year.
Investor's Business Daily on MSN
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Investment narratives matter, and Tesla could be about to overperform expectations on its robotaxi rollout.
News services overnight reported declining Tesla sales and market value in China, though also an increase in shipments from China to other markets.
Investor's Business Daily on MSN
Dow Jones futures fall, techs rise after market rally; Tesla Cybercab, jobs report in focus
The stock market jumped above key levels Thursday, buoyed by Snowflake and dovish Fed comments. Tesla Cybercabs are now live in Austin robotaxi app. The jobs report is on tap.