Tesla Stock News

Tesla (TSLA -3.46%) has been one of the biggest surprises of 2024.

Tesla's (NASDAQ: TSLA) stock has been on an upward tear in the fourth quarter, with technical indicators suggesting sustained momentum as the year ends.

Tesla is issuing a major recall on nearly 700,000 vehicles, including its 2024 Cybertruck.

Shares of Tesla (TSLA -3.46%) have surged 75% since the presidential election. But most Wall Street analysts now believe the stock is overvalued.

Despite volatility in the headlines, the electric vehicle (EV) industry has been on a consistent uptrend over the past several years. Today, 7.8% of vehicles sold in the U.S. are electric.

Tesla has recalled almost 700,000 of its electric vehicles because of an issue with the warning light on the tyre pressure monitoring system.

Tesla on Friday announced it is recalling almost 700,000 cars in the United States over an issue with the tire pressure monitoring system, bringing the total number of recalls for the electric vehicle maker to 15 so far this year, impacting more than 2.7 million cars.

Although it spent most of the year in the red, Tesla (NASDAQ: TSLA) has managed to mount an impressive recovery in 2024. Whereas the first three quarters of 2024 were dominated by supply chain issues, generally disappointing results, and an underwhelming ‘Robotaxi Day', the company's Q3 2024 earnings call on October 23 was a standout success.