Stocks Analysis by MarketBeat.com (Thomas Hughes) covering: Tesla Inc. Read MarketBeat.com (Thomas Hughes)'s latest article on Investing.com
Tesla stock is under mounting pressure due to an upcoming shareholder vote, weak sales, and poor data.
The flip side is that curbing Mr. Musk’s ample pay package would improve Tesla's cash flow, which also invests heavily in AI. Mr. Musk estimates Tesla will spend $3 to $4 billion on NVIDIA hardware this year as it builds its AI training centers and the DOJO supercomputer. Plans for the Texas Gigafactory include eventually housing 50,000 NVIDIA H-100s to help power its AI network.Tesla’s sales data isn’t promising for this year.
Tesla is the 2nd most-downgraded auto stock this year, with 27 downward revisions, and the 78th lowest-rated stock. The analysts peg Tesla at Hold, but the sentiment is slipping, as is the price target. Consensus assumes fair value near the bottom of a trading range, and the analysts are leading the market to the low end of their target range, which is below consensus.Tesla’s market is at a critical turning point.
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