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Tesla ( (TSLA) ) has been popular among investors this week. Here is a recap of the key news on this stock.
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Tesla has been navigating a challenging year with its stock price dropping by 20% due to declining sales in the first half of the year. Despite these setbacks, the company’s vision for a driverless future continues to intrigue investors. Analyst Jed Dorsheimer recently praised Tesla’s robotaxi service, highlighting its smooth and confident user experience compared to competitors like Alphabet’s Waymo. Tesla’s strategy includes offering rides at half the cost of Uber, potentially capturing a significant market share by 2040. However, the company faces near-term pressures such as the loss of regulatory credits and high valuation concerns, leading to a neutral market rating.
In China, Tesla is collaborating with DeepSeek and ByteDance’s Doubao to enhance its cars with new AI and voice command tools, aiming to revitalize its business amid declining sales. The partnership marks a shift for Elon Musk, who previously criticized DeepSeek’s AI model. Tesla’s performance in China has been affected by increased competition from local companies like Xiaomi, which offers cheaper and more advanced electric vehicles. To counter this, Tesla is introducing new models and features to regain its market position.
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