Tesla Gains as Musk Eyes $5B xAI Investment: Time to Buy the Stock?

  • 📰 Investingcom
  • ⏱ Reading Time:
  • 37 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 18%
  • Publisher: 53%

Tesla Inc Notizia

Italia Ultime Notizie,Italia Notizie

Stocks Analysis by The Tokenist (Timothy Fries) covering: Tesla Inc. Read The Tokenist (Timothy Fries)'s latest article on Investing.com

According to reports, Tesla's CEO Elon Musk is set to discuss a potential $5 billion investment in his artificial intelligence startup xAI with the Tesla board. This move comes as Tesla aims to accelerate the development of its robotaxi and self-driving technologies.

By integrating xAI’s Grok chatbot with Tesla’s software, the company aims to enhance its autonomous driving technology and potentially accelerate the development of robotaxis. This can significantly improve Tesla’s AI capabilities and infrastructure, potentially leading to faster progress in self-driving technology.

Key financial metrics for Tesla include a profit margin of 13.00%, a return on equity of 20.86%, and a total cash of $30.72 billion. The company’s debt-to-equity ratio stands at 18.61%. Investors will be closely watching Tesla’s upcoming earnings report, expected between October 18-22, 2024, for further insights into the company’s financial health and the potential impact of the proposed xAI investment.

 

Grazie per il tuo commento. Il tuo commento verrà pubblicato dopo essere stato esaminato.
Abbiamo riassunto questa notizia in modo che tu possa leggerla velocemente. Se sei interessato alla notizia puoi leggere il testo completo qui. Leggi di più:

 /  🏆 450. in İT

Italia Ultime Notizie, Italia Notizie

Similar News:Puoi anche leggere notizie simili a questa che abbiamo raccolto da altre fonti di notizie.

How Tesla Energy Can Play a Big Role in the Company’s Evolution Beyond CarsStocks Analysis by The Tokenist (Timothy Fries) covering: Tesla Inc, Bitcoin. Read The Tokenist (Timothy Fries)'s latest article on Investing.com
Fonte: Investingcom - 🏆 450. / 53 Leggi di più »

3 Stocks That Can Surge Under a Second Trump PresidencyStocks Analysis by The Tokenist (Timothy Fries) covering: Deere & Company, Tesla Inc, CoreCivic Inc. Read The Tokenist (Timothy Fries)'s latest article on Investing.com
Fonte: Investingcom - 🏆 450. / 53 Leggi di più »

5 High-Quality Dividend Stocks to Hold in a Passive PortfolioStocks Analysis by The Tokenist (Timothy Fries) covering: Dominion Energy Inc, Altria Group, Verizon Communications Inc, Evolution Petroleum Corporation Inc. Read The Tokenist (Timothy Fries)'s latest article on Investing.com
Fonte: Investingcom - 🏆 450. / 53 Leggi di più »