Tesla faces California sales ban
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Elon Musk's net worth hits $681 billion, more than double Google co-founder Larry Page's $249 billion wealth, as Tesla's stock surge widens the billionaire gap.
The judge ruled Tesla should have to suspend manufacturing and sales in California for 30 days, but the DMV stayed those rulings for 90 days to allow Tesla to comply.
Tesla owners are buying emergency escape tools—glass breakers, door release kits, pull cords—after electric door failures left occupants trapped inside vehicles. The failures occur when low-voltage batteries die, rendering electronic locks useless while manual releases remain hidden, unmarked or difficult to access in emergencies.
With a modest market cap of $22 billion, Rivian is evolving beyond its luxury niche as it gears up for substantial growth in vehicle production with
Bank of America employs a sum-of-the-parts model, assigning 45% of Tesla’s value to Robotaxis, 17% to Full Self-Driving, and 19% to Optimus. In comparison, it assigns just 12% for core automotive, describing the setup as mostly “stretched.”
There’s been no dearth of sell signals for Tesla Inc. It’s facing a potential sales halt in California, an electric vehicle slowdown across the US and is losing market share in China and Europe.
Due to Tesla's innovation and diversification, 24/7 Wall St. sees strong upside potential for the stock by the end of the decade.