Tesla’s Automotive segment offers electric vehicles, as well as sells automotive regulatory credits. It offers non-warranty after-sales vehicles, used vehicles, retail merchandise and vehicle insurance services. This segment also provides sedans and sport utility vehicles through direct and used vehicle sales, a network of Tesla Superchargers, and in-app upgrades; purchase financing and leasing services; services for electric vehicles through its company-owned service locations and Tesla mobile service technicians; and vehicle limited warranties and extended service plans.
The Energy Generation and Storage segment engages in the design, manufacture, installation, sale and leasing of solar energy generation and energy storage products and related services to residential, commercial and industrial customers and utilities through its website, stores and galleries, as well as through a network of channel partners. It offers provision of service and repairs to its energy product customers, including under warranty, as well as various financing options to its solar customers.
Royal Bank of Canada’s $305 target price is a Wall Street high. The $194.84 consensus target for Tesla stock is well below Wednesday’s close at $274.45.
Artificial intelligence, while currently still in mania form, is here to stay. There will continue to be heated discussions of the pros and cons concerning the industry and the multitude of applications and solutions that can and will be provided. Elon Musk founded OpenAi in 2015 but left the board in 2018 and has cut ties with the company. He has had some harsh words from some of the so-called woke issues arising from the technology and is working on his own “anti-woke” AI to rival the company. That proves that we are still in the formative years and the big money will be made in the future.
With second-quarter earnings right around the corner for these top companies, it may make sense to buy partial positions to see how the results come in. With the market on a strong roll in the second quarter, any company that misses expectations or has poor forward guidance could be immediately sent to the penalty box by institutional and hedge fund sellers.
Originally published at 24/7 Wall St.
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