Stocks Analysis by Investing.com (Alessandro Bergonzi) covering: Alphabet Inc Class A, Tesla Inc, Alphabet Inc Class C. Read Investing.com (Alessandro Bergonzi)'s latest article on Investing.com
Meanwhile, Alphabet's Waymo has surged ahead in the Robotaxi race.) stock has defied challenges, climbing over 7% in the last week. This bullish momentum comes despite setbacks in the Robotaxi race and ongoing issues with the Cybertruck.) has surged ahead of Tesla in the Robotaxi race.
"With tens of thousands of weekly rides, our Waymo One service provides safe, sustainable, and reliable transportation for both residents and visitors to the city," announced the Google-controlled company on X.However, Tesla's challenges persist. The Cybertruck, heralded as an"unbreakable" pickup truck inspired by Blade Runner, continues to encounter setbacks.
The drop in deliveries poses a significant challenge for Tesla amidst ongoing issues with the Cybertruck and a competitive Robotaxi market. This setback could compel Tesla to consider further reductions in Model 3 prices to stimulate consumer demand.According to InvestingPro, Tesla's current stock price reflects a 2.8% decrease in fair value assessments. Analysts, on the other hand, anticipate a further decline, setting an average target price of $183.03 - 6.
However, the company's future success hinges on innovation beyond current offerings like the Cybertruck and Robotaxi. Investors, who have previously shown strong confidence in Tesla, now look to Elon Musk to unveil new groundbreaking initiatives that can restore the company's stature among Wall Street's elite.
Tesla Inc Alphabet Inc Class C
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