Tesla's core electric vehicle business has struggled amid rising competition and industry headwinds in the U.S. However, investors have largely looked past these concerns. The market appears to be more focused on Tesla's emerging robotaxi fleet and other initiatives.
Automotive giant Tesla Inc. NASDAQ: TSLA is heading into its next earnings report at the end of January with momentum suddenly working against it. After finally hitting fresh all-time highs just before Christmas, the stock has since logged its longest run of red days in months and is now down more than 12%.
Nvidia is ramping up its work on driverless vehicle technology, a field dominated by Tesla and a few other players. But Musk doesn't see an imminent reason to worry.
Tesla stock (NASDAQ: TSLA) fell sharply on Tuesday as investors digested Nvidia CEO Jensen Huang's sweeping autonomous-driving push at CES 2026. The chipmaker unveiled Alpamayo, an open-source AI model family designed to tackle the “long-tail” problems that have long been the hardest challenge in self-driving technology.
The first trading days of 2026 offered little insight into how the stock of Elon Musk's electric vehicle (EV) giant, Tesla (NASDAQ: TSLA), might fare in January.
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