Latest news with #TSLA
Miami Herald
4 hours ago
- Automotive
- Miami Herald
Texas Curveball: Tesla's Robotaxi Rollout Runs Into Trouble
Just when Tesla's (TSLA) robotaxi dreams started gaining steam-bam, another curveball. Tesla bulls have been itching for robotaxis to hit the road, and Elon Musk's Austin trial announcement stirred the pot last month. Don't miss the move: Subscribe to TheStreet's free daily newsletter Though the dream's still alive, the detours have been piling up of late, spelling more speed bumps ahead for investors. The timing couldn't be worse. The bulls felt they could breathe easy, with Musk finally all-in on Tesla. However, the off-putting developments of late spell more turbulence ahead for the robotaxi rollout. Bloomberg/Getty Images Since Tesla revealed the sci-fi-esque Cybercab last October, investors and Wall Street pundits have hailed it as the next revolution. To be fair, the robotaxi hype's been circling for years. Related: Tesla robotaxi launch hits major speed bump Musk promised a million cars on the road by 2020, but that deadline famously came and went like a ghost. Following the October reveal, Tesla fans felt shortchanged when Musk jumped on President Trump's bandwagon. The focus quickly shifted away from the self-driving cars to "DOGE" government drama. However, after Q1 and soap-opera-like fallout with Trump, Musk's focus is back on Tesla. He told investors during Tesla's Q1 earnings call that "Doge work is mostly done," pledging just "a day or two a week" on outside commitments. Needless to say, a lot is riding on the robotaxi catalyst, the moonshot analysts say, which could supercharge Tesla's future. More Tesla Stock News: Tesla robotaxi launch hits major speed bump Musk's AI chatbot weighs in on Tesla stock and Robotaxi SpaceX faces a surprising rival Tesla is already battling Wedbush's Dan Ives sees a trillion-dollar upside if Tesla nails self-driving. At the same time, relatively conservative Oppenheimer analysts say it could be a make-or-break for the stock. Tesla circled June 22 for its big robotaxi debut in Austin. Musk picked Texas for a reason: home turf with a lot looser autonomous vehicle (AV) rules than California. Related: Google plans major AI shift after Meta's surprising $14 billion move However, just days before go-time, Texas lawmakers have sent a disappointing message. A group out of Austin urged Tesla to hold off until September 1, when new AV rules kick in. The new rules include safety checks and clearer compliance rules. Seven Texas lawmakers have reportedly signed the hold-off on the rollout. The list includes big names like Rep. Vikki Goodwin (D-Austin), Sen. Sarah Eckhardt, Sen. Judith Zaffirini, Rep. Lulu Flores, and three others-seven in total. Despite the roadblocks, Tesla is still on course for the trials. Tesla's official stance remains that it has already met safety standards under the current law and will continue pushing on. The message is essentially for Tesla to pump the brakes, follow the new rules, and launch later when everything complies. The pressure is unwelcome from the company's perspective, especially when it has received an AV operator designation in Austin ahead of the planned trials. All this hits as Tesla's FSD tech is under scrutiny, throwing safety concerns back in the spotlight. To put things in perspective, a Cybertruck drifted into oncoming traffic on FSD in mid-June. Days later, a Model 3 got stuck on train tracks and got hit. Meanwhile, Tesla's competition in the niche continues to impress. Alphabet's Waymo and GM's Cruise have successfully operated driverless ride-hailing services in cities like Phoenix and San Francisco over the past few years. In contrast to Tesla, they've taken a more gradual approach, with geofenced areas, extensive safety driver testing, and slower expansion. Tesla is taking a more aggressive route by utilizing its existing owner fleet and vision-only tech, which many believe is riskier. Nevertheless, Tesla needs to act fast to pull its stock out of the rut it's been in over the past year. It's down north of 20% YTD, and 27% in the past six months alone. The stock is hovering near the low $320s, suggesting that some of the robotaxi excitement and Musk's refocusing efforts are baked into its price. Analysts' average targets sit around the low $300s, so the market isn't looking to price in the potential wild success. In short, Tesla's stock looks more like a bet on its ability to transition from simply selling EVs to monetizing autonomous technology at scale. Related: EVs suffer surprising rejection in a crucial market The Arena Media Brands, LLC THESTREET is a registered trademark of TheStreet, Inc.
Yahoo
11 hours ago
- Business
- Yahoo
Is Rollins Stock Outperforming the Dow?
With a market cap of $27.5 billion, Rollins, Inc. (ROL) is a global leader in pest and termite control services, best known for its flagship brand Orkin. Headquartered in Atlanta, Georgia, the company operates in over 70 countries, serving residential and commercial clients. Companies valued at $10 billion or more are generally described as 'large-cap stocks,' and Rollins definitely fits that description. With a highly recurring revenue model, Rollins delivers consistent growth through a mix of organic expansion and strategic acquisitions. Its business is considered recession-resistant, supported by strong cash flow, low debt, and over two decades of dividend increases. Dear Tesla Stock Fans, Mark Your Calendars for June 22 Trump Is Giving Tesla's Robotaxis a Leg Up Ahead of June 22. Should You Buy TSLA Stock Now? Nvidia Says Quantum Computing Is Nearing an 'Inflection Point.' Here Are the 3 Best Stocks to Buy Now to Profit. Tired of missing midday reversals? The FREE Barchart Brief newsletter keeps you in the know. Sign up now! ROL recently touched its 52-week high of 58.65 on June 3 and is currently trading 3.8% below the peak. Shares of Rollins have gained over 8.9% over the past three months, surpassing the broader Dow Jones Industrial Average's ($DOWI) marginal rise during the same time frame. Rollins has gained an impressive 21.7% year-to-date, significantly outperforming the Dow Industrials' marginal decline. Over the past 52 weeks, ROL shares have climbed 14.5%, also beating the Dow's 8.9% gain during the same period. The stock has been trading above the 50-day and 200-day moving averages since the end of January, indicating an uptrend. Rollins' stock edged marginally following its Q1 2025 earnings release on April 23. The company reported $822.5 million in revenue, reflecting a 9.9% year-over-year increase and topping the $816.2 million consensus. Adjusted operating income rose 6.7% to $147 million, with margins holding steady at 17.9%. Adjusted EPS came in at $0.22, up 10% year-over-year, matching analyst forecasts. In the competitive pest control and services space, contender H&R Block, Inc. (HRB) has trailed behind Rollins in terms of performance. HRB shares are up 6.4% over the past 52 weeks and have posted a modest 4.8% gain year-to-date, falling short of ROL's stronger returns over both periods. Among the 10 analysts covering the stock, there is a consensus rating of 'Moderate Buy,' and the mean price target of $57.11 reflects a premium of 1.2% from the current market prices. On the date of publication, Kritika Sarmah did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. This article was originally published on Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
12 hours ago
- Automotive
- Yahoo
Tesla Faces Calls to Postpone Robotaxi Rollout in Austin
Tesla (NASDAQ:TSLA) was pressed by a group of Democratic lawmakers to defer its planned Austin robotaxi launch until September, when Texas's new autonomous-vehicle law takes effect. In a Wednesday letter, Austin-area legislators said delaying the debut would bolster public safety and foster community trust, urging Tesla CEO Elon Muskwho had tentatively eyed a launch this Sundayto submit detailed compliance plans for the incoming rules. The legislation, pending the governor's signature, will mandate operational permits for autonomous fleets, grant state authorities power to revoke them over safety breaches and require emergency-response protocols. Tesla's initial robotaxi fleet may include 1020 Model Y vehicles operating only in zones deemed safest, according to Musk's January announcement. Investors and analysts are closely watching the rollout, as much of Tesla's market valuation hinges on autonomous ride-hailing and humanoid roboticstechnologies yet to hit the road. With TSLA shares flat over the past week, any regulatory hiccup could heighten skepticism around the timeline for mass adoption. Competing firms and legacy automakers are monitoring Texas's framework as a potential blueprint for future deployments. Why It Matters: A delay could push back revenue projections tied to ride-hailing services and shape investor expectations for Tesla's autonomy roadmap. This article first appeared on GuruFocus.
Miami Herald
16 hours ago
- Automotive
- Miami Herald
Musk's AI chatbot weighs in on Tesla stock and Robotaxi
Well, at least he passed the drug test. Tesla (TSLA) CEO Elon Musk took to X, the social media site he owns, to post the results of a recent drug test, which show he tested negative for ketamine, ecstasy, cocaine, amphetamines and other drugs a few days earlier. Don't miss the move: Subscribe to TheStreet's free daily newsletter The action was in response to a New York Times article published 12 days prior that alleged the SpaceX owner and President Donald Trump megadonor had been a near-daily user of ketamine while campaigning for Trump last year. Until recently Musk had headed up the controversial Department of Government Efficiency, before his very public breakup with Trump, which included accusations involving convicted child offender Jeffrey Epstein that the world's richest man later deleted. Picking up on another poster's suggestion, Musk declared "I hereby challenge the NYT and WSJ to take drug tests and publish the results!" "They won't, because those hypocrites are guilty as sin," he added. In a statement to People, a Times spokesperson said nothing Musk "said or presented since our article about his drug use during the presidential campaign was published contradicts what we uncovered." Then there were those who made some observations about Musk's drug tests, including Grok, the chatbot developed by Musk's artificial intelligence company, xAI. Image source: Smialowski/AFP via Getty Images "The drug test Musk shared likely accurately reflects no drug use within the days prior to June 11, 2025, given the detection limits of urine tests," Grok said in response to a question. "However, it does not disprove allegations of drug use in 2024, as the test's timing and method limit its scope." Without independent verification of the document's authenticity or additional testing (e.g., hair follicle), the chatbot said, "the results are inconclusive regarding the broader claims." More Tesla: Tesla robotaxi launch hits major speed bumpTesla claims rival startup is built on stolen trade secrets10,000 people join Tesla class action lawsuit over key issue "The public nature of the post and Musk's casual caption suggest it was more a rebuttal to critics than a definitive proof of long-term sobriety," Grok concluded. Tesla is scheduled to debut its Robotaxi autonomous EV ride-hailing service on June 22, but there are some safety. Consumers are skeptical of the Full-Self-Driving technology that undergirds the Robotaxi proposition, according to the May 2025 edition of the Electric Vehicle Intelligence Report. The report said that 60% of respondents considered Tesla's FSD "unsafe," 77% are unwilling to use Full-Self-Driving technology, and 48% believe FSD should be illegal. "Tesla's Robotaxi program is facing significant challenges as it approaches its tentative launch date," Grok said. The chatbot said that a live demonstration in Austin by the Dawn Project highlighted serious flaws in Tesla's FSD software, showing a Tesla Model Y failing to stop for a child mannequin behind a school bus. "Critics argue that Tesla's camera-based FSD system struggles in adverse conditions like fog or sun glare, and recent incidents, such as a Cybertruck driving in the wrong lane and a Model 3 getting stuck on railroad tracks, have intensified scrutiny," Grok said. The National Highway Traffic Safety Administration is investigating Tesla's FSD software following four crashes, including a fatal pedestrian incident, the chatbot said. "Tesla's stock has been volatile, dropping 4% on June 17, 2025, after news of a production halt at its Austin Gigafactory and amid Musk's public feud with President Donald Trump," Grok said. "Some analysts worry that Trump could push for stricter federal oversight of Tesla's Robotaxi program, especially given Musk's political activities." Related: Tesla robotaxi launch hits major speed bump However, the chatbot said Tesla's ability to produce one million FSD-capable Model Ys - its midsize SUV - annually could enable rapid scaling compared with competitors like Alphabet's (GOOGL) Waymo, which plans to manufacture only 2,000 vehicles over the next year. "Musk has stated that the Robotaxis will operate in geofenced safe zones with remote supervision, potentially mitigating some risks," Grok said. "Tesla's vertical integration, controlling hardware, software, and charging infrastructure, is also seen as a competitive edge." The electric vehicle maker's shares are up 75% from 2024 and down 20% this year. "Tesla's golden age - marked by explosive growth, market dominance, and unchallenged EV leadership - appears to be waning, but the company still has paths to remain a major player," Grok said. Tesla faces competition from Chinese EV maker (BYDDY) , General Motors (GM) and Ford (F) , the AI assistant said. And "Musk's political involvement, including his Trump administration role, has sparked consumer backlash, with boycotts in key markets like Norway and Germany." Tesla's era of unchallenged supremacy is likely over, due to intensified competition, declining sales, and self-inflicted brand damage, the chatbot said. "However, its financial strength, energy business, and potential in AI/autonomy mean it could forge a new chapter of success if it navigates current headwinds effectively," Grok said. "The golden age may be past, but Tesla's story isn't finished." Related: Fund-management veteran skips emotion in investment strategy The Arena Media Brands, LLC THESTREET is a registered trademark of TheStreet, Inc.
Yahoo
a day ago
- Automotive
- Yahoo
Why the Market Dipped But Tesla (TSLA) Gained Today
Tesla (TSLA) closed the most recent trading day at $321.99, moving +1.78% from the previous trading session. The stock's change was more than the S&P 500's daily loss of 0.03%. Meanwhile, the Dow lost 0.11%, and the Nasdaq, a tech-heavy index, added 0.13%. Heading into today, shares of the electric car maker had lost 7.99% over the past month, lagging the Auto-Tires-Trucks sector's loss of 7.75% and the S&P 500's gain of 0.6%. Investors will be eagerly watching for the performance of Tesla in its upcoming earnings disclosure. The company's earnings per share (EPS) are projected to be $0.43, reflecting a 17.31% decrease from the same quarter last year. Simultaneously, our latest consensus estimate expects the revenue to be $23.5 billion, showing a 7.84% drop compared to the year-ago quarter. Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of $1.89 per share and revenue of $96.69 billion. These totals would mark changes of -21.9% and -1.03%, respectively, from last year. Investors should also pay attention to any latest changes in analyst estimates for Tesla. These revisions help to show the ever-changing nature of near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the business outlook. Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. To capitalize on this, we've crafted the Zacks Rank, a unique model that incorporates these estimate changes and offers a practical rating system. The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. The Zacks Consensus EPS estimate has moved 2.78% higher within the past month. Currently, Tesla is carrying a Zacks Rank of #3 (Hold). In terms of valuation, Tesla is presently being traded at a Forward P/E ratio of 167.38. Its industry sports an average Forward P/E of 11.17, so one might conclude that Tesla is trading at a premium comparatively. Investors should also note that TSLA has a PEG ratio of 8.8 right now. Comparable to the widely accepted P/E ratio, the PEG ratio also accounts for the company's projected earnings growth. TSLA's industry had an average PEG ratio of 1.12 as of yesterday's close. The Automotive - Domestic industry is part of the Auto-Tires-Trucks sector. Currently, this industry holds a Zacks Industry Rank of 178, positioning it in the bottom 28% of all 250+ industries. The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1. Be sure to use to monitor all these stock-influencing metrics, and more, throughout the forthcoming trading sessions. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Tesla, Inc. (TSLA) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
