TSLA Stock Recent News

The primary goal of investing is to raise one's purchasing power over time. Beyond that, there are companies that can produce monster wealth for investors.

Billionaire Elon Musk is fighting to make sure federal tax incentives for electric vehicles (EVs) -- a key subsidy that makes buying EVs more affordable -- remain in place. President Donald Trump's new bill seeks to eliminate these tax incentives, which would otherwise be in place until 2032.

Tesla (TSLA 2.00%) has long been a volatile stock, but it's also become a very controversial name in recent months. Shares trade at a pricey valuation with a market cap of roughly $1 trillion, fueled by the promise of greater electric vehicle sales and a potential new robotaxi business.

Electric vehicle (EV) companies like Tesla (TSLA 2.00%) and BYD (BYDDY -2.62%) have captivated the minds of investors everywhere, as many view EVs as a viable new transportation option in a world that badly needs to reduce carbon emissions. In Tesla's case, investors are also betting heavily on future innovations in tech and artificial intelligence (AI) that they believe will significantly increase shareholder value in the coming years.

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This year has already proven to be quite a roller coaster for investors. After falling nearly 19% in the span of just a few weeks, the S&P 500 recovered almost as quickly as it fell, now hovering just below its peak in February.

Tesla's (NASDAQ: TSLA) US sales fell 16% in April, based on Automotive News.

[00:00:04] Doug McIntyre: Big Tech Tesla considered by many people to be a big tech company.

YTSL:CA's 40% price drop is due to its leveraged covered call strategy, not necessarily a fundamental flaw in the ETF itself. The ETF offers a high 27% yield, but this comes at the cost of significant NAV erosion, making it unsuitable for capital preservation. YTSL:CA is best suited for income-focused Canadian investors seeking steady monthly payouts from a volatile stock, not for those seeking upside capture.

A section of Wall Street has issued a mixed outlook on Tesla (NASDAQ: TSLA) stock as the company gears up for the public launch of its robotaxi service in Austin, Texas.