Tesla signs $16.5bn chip deal with Samsung
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A Tesla analyst sees over 25% upside to the current share price based on the discounted future valuations of the company's segments.
Tesla, Inc.'s Q2 earnings disappoint, but a $16.5B Samsung chip deal powers optimism for Robotaxi/Optimus. Discover insights on TSLA stock and its next steps.
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Shares of Tesla ( TSLA 3.11%) climbed higher on Monday. The electric vehicle (EV) maker's stock gained 3% as of market close, but had jumped as much as 4.6% earlier in the day. The spike comes as the S&P 500 ( ^GSPC 0.02%) was flat and the Nasdaq Composite ( ^IXIC 0.33%) rose 0.3%.
The Tesla Supercharger Diner opened Monday in West Hollywood and Elon Musk is already teasing a Texas expansion.
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The city of Lewisville, Texas, confirmed a Tesla charging device ignited an "intense" house fire that engulfed a Lexus and the home's upper floors Monday.
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Barchart on MSNTesla Stock Outlook: Is Wall Street Bullish or Bearish?Tesla has outshined the broader market over the past year and analysts are sceptical about its future outlook.
Tesla CEO Elon Musk announced that Samsung will supply the Austin automaker's next-generation chips in a $16.5 billion deal at Samsung's Texas facility . "Samsung's giant new Texas fab will be dedicated to making Tesla's next-generation AI6 chip," Musk said in a post on X. "The strategic importance of this is hard to overstate."
Tesla, Inc.'s robotaxi hype falters as tech lags behind rivals. Explore why declining fundamentals and high valuation make TSLA a Strong Sell in today's market.