boston745
10 hours ago
Among the wins during Musk's trip, which was first reported by Reuters, was a key endorsement from a top Chinese auto association that said Tesla's Model 3 and Y cars were compliant with data-security regulations. That would enable local governments to allow Tesla cars into parts of China they were previously barred from, Chinese media reported, citing a statement from Tesla
The question of whether Tesla can win Beijing's approvals for overseas data transfer remains critical to its plans for FSD in China and for autonomous vehicles globally. Reuters could not determine what progress, if any, Musk made in securing such approvals during his Beijing trip.
Getting approvals in China to sell a so-called "level 2" driver-assistance system such as FSD isn't the hard part. But Tesla has considered the ability to transfer data out of China pivotal to its development of autonomous vehicles.
Reuters seems to be a quality source for information pertaining to reality vs Tesla illusion.
https://www.reuters.com/world/china/boss-battery-giant-catl-visits-elon-musks-hotel-beijing-reuters-witness-2024-04-29/
DiscoverGold
15 hours ago
Tesla Sees Options Pop on China Self-Driving News
By: Schaeffer's Investment Research | April 29, 2024
• TSLA attracted the highest options trading volume in the last 10 days
• Tesla's FSD feature is reportedly slated to roll out in China
Tesla Inc (NASDAQ:TSLA) stock is 15% higher at $193.45 this afternoon. The shares of the electric vehicle (EV) manufacturer are getting a boost after China reportedly cleared the way for the company's Full Self-Driving (FSD) to roll out in the country.
The Wall Street Journal first reported the news, in which people familiar with the matter said Musk's 24-hour visit to Beijing resulted in a tentative approval of the deployment of Tesla's FSD technology. In a separate report, Bloomberg revealed Tesla will use China-based Baidu's (BIDU) mapping and navigation technology to power the FSD feature.
Amid this news, call traders are piling on TSLA. So far today, 2.44 million bullish bets have crossed the tape, which is double the intraday average volume. New positions are being bought to open at the 20 most popular contracts, led by the weekly 5/3 200-strike call.
Tesla stock makes regular appearances on Schaeffer's Senior Quantitative Analyst Rocky White's list of stocks that have attracted the highest options volume during the last 10 days. Topping the list this time around, bearish bets were a popular choice over the last two weeks, with 11,884,235 calls and 14,101,839 puts traded. The weekly 4/26 170-strike call saw the most activity.
On track for its best day since March 2021, TSLA is looking to rewrite a dismal start to the year. Despite today's bounce, the security is still down 22.3% in 2024, though it's quickly closing this gap and is looking to close above its 80-day moving average.
Tesla stock looks ripe for a round of upgrades, too. Of the 30 analysts in coverage, just eight say "buy" or better. Plus, the security's Schaeffer's Volatility Scorecard (SVS) elevated tally of 83 out of 100 implies it tends to outperform volatility expectations.
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JJ8
18 hours ago
Tesla executing sharp U-turn as growth prospects suddenly brighten
Briefing.com - 11:09 AM ET
Tesla (TSLA) is executing a sharp U-turn after shares sank to their lowest levels since January 2023 early last week, rallying by about 30% following the EV maker's Q1 earnings report on April 23. The initial spark was disclosed in that earnings release -- namely, the acceleration of production for new vehicle models, including the launch of a lower-cost model -- but a significant development regarding TSLA's full self-driving (FSD) system is fanning the flames today. Specifically, the Wall Street Journal reported that China's government offered tentative approval for TSLA's FSD technology, potentially opening the door to another new growth catalyst, further easing fears that TSLA's growth would remain in neutral or reverse in the coming years.
Not only would receiving approval in China create a new substantial subscription revenue stream, but it would also help to stop the bleeding in terms of market share losses. TSLA's recent struggles in China are well known with sales in its second largest market slipping by about 4% in Q1 as EV makers like BYD Company (BYDDY), Xpeng (XPEV), and NIO (NIO) take share. Given that some of these Chinese EV companies, including XPEV, already offer advanced driver assistance systems, TSLA could close that competitive gap by including FSD technology.In the face of declining deliveries (-9% in Q1) and eroding ASPs due to price cuts, Elon Musk has tried to steer investors' attention towards TSLA's AI and FSD progress as he attempts to rebrand the company as an AI/software company. In particular, he has touted TSLA's robotaxi as a centerpiece of the company's future, announcing that robotaxi will be unveiled on August 8.Until this past week, Musk's messaging wasn't sitting well at all since it appeared as if he threw in the towel for near-term growth, while waiting for TSLA's massive investments to hopefully pay off a few years down the road. For some context, capital expenditures jumped by 24% in FY23 to nearly $9.0 bln.Now, however, the tables have turned because the emergence of two potentially substantial growth catalysts (Model 2, FSD in China) have materialized, helping TSLA to bridge the gap between this recent slowdown and the launch of robotaxi and more software-based revenue. Assuming TSLA is granted full approval in China, it should hit the ground running given its partnership with Chinese tech giant Baidu (BIDU). According the Wall Street Journal, TSLA secured a mapping and navigation agreement with BIDU, which also eases Chinese regulators' concerns about data security risks.
Just one week ago, it was all doom and gloom for TSLA as investors stared down a bleak growth outlook for the next couple of years. Although plenty of uncertainty remains, including around TSLA's ability to meet Musk's accelerated timeline for new vehicle production, hope is being restored as TSLA reprioritizes its closer-in growth drivers.
la-tsla-fan
2 days ago
JJ: it sounds like I hit a nerve, which was not my intention. I did not mean to say that TA is useless;!however, I do believe TA is overrated. TA is important in rder todetermin entry points and perhaps exot pointd. However, many TA enthusiasts believe, wrongly in my opinion, that TA can prefct step changes in prices.
rolvram
2 days ago
The State Oil Fund of Azerbaijan (SOFAZ) has acquired shares in Tesla, Intel, Microsoft, Apple, NVIDIA, Amazon, and Meta
The State Oil Fund of Azerbaijan has invested in shares of global giants Tesla and Intel, according to a statement from the Fund.
AzeMedia
BY
AZEMEDIA
PUBLISHED APRIL 28, 2024
1 MIN READ
Gnfar
It is noted that the SOFAZ portfolio includes Tesla shares worth $84 million and Intel shares worth $31 million.
The total value of shares in the first quarter of this year amounted to $1.742 billion. Shares were also placed in the following companies:
Microsoft: $494 million
Apple: $419 million
NVIDIA: $371 million
Amazon: $279 million
Meta Platforms: $179 million.
DiscoverGold
2 days ago
Is it almost time to buy the $TSLA dip? Since IPO, the month of June has been very good to Tesla investors, with a 77% win rate and average return of +10.19%
By: TrendSpider | April 28, 2024
• Is it almost time to buy the $TSLA dip?
Since IPO, the month of June has been very good to Tesla investors, with a 77% win rate and average return of +10.19% .
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