4 Best Leveraged ETFs of Last Week
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Dec 16 2024
0mins
Should l Buy TSLA?
Source: NASDAQ.COM
Market Performance: Wall Street experienced mixed results last week, with the S&P 500 down 0.6%, Dow Jones down 1.8%, and Nasdaq up 0.3%. Key inflation reports indicated a rise in consumer prices, leading to increased expectations for a rate cut by the Federal Reserve.
Top Performing ETFs: Tesla's stock surged 9.6% after hitting an all-time high, while Broadcom reported record earnings, causing its shares to jump 24.4%. Other notable ETFs included those tracking Alphabet and consumer discretionary sectors, reflecting strong investor confidence and optimism in the market.
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Analyst Views on TSLA
Wall Street analysts forecast TSLA stock price to rise
30 Analyst Rating
12 Buy
11 Hold
7 Sell
Hold
Current: 392.510
Low
25.28
Averages
401.93
High
600.00
Current: 392.510
Low
25.28
Averages
401.93
High
600.00
About TSLA
Tesla, Inc. designs, develops, manufactures, sells and leases high-performance fully electric vehicles and energy generation and storage systems, and offers services related to its products. Its segments include automotive, and energy generation and storage. The automotive segment includes the design, development, manufacturing, sales and leasing of high-performance fully electric vehicles, and sales of automotive regulatory credits. It also includes sales of used vehicles, non-warranty maintenance services and collisions, part sales, paid supercharging, insurance services revenue and retail merchandise sales. The energy generation and storage segment include the design, manufacture, installation, sales and leasing of solar energy generation and energy storage products and related services and sales of solar energy systems incentives. Its consumer vehicles include the Model 3, Y, S, X and Cybertruck. Its lithium-ion battery energy storage products include Powerwall and Megapack.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Tesla's FSD System Faces EU Approval Skepticism
- Slow Approval Progress: Tesla's Full Self-Driving (FSD) system has received initial approval in the Netherlands, yet skepticism from EU regulators regarding its safety and technological capabilities, particularly in icy conditions, may hinder its rollout in the European market.
- Regulatory Concerns: Regulators from the Netherlands, Sweden, Finland, Denmark, and Norway have raised alarms about the FSD system's tendency to exceed speed limits and the ease with which drivers can bypass mobile phone usage restrictions, potentially leading to stricter regulatory requirements that could impact Tesla's market strategy.
- Public Pressure Strategy Backfires: Tesla's strategy of encouraging vehicle owners to pressure regulators for FSD approval has faced criticism, with regulators expressing frustration, which may complicate and prolong the approval process.
- Declining Market Share: Tesla's market share in the EU has sharply declined due to increasing competition, particularly from newer models and aggressive pricing strategies by companies like BYD and Volkswagen, which could adversely affect its future sales and profitability.
See More
Belgium's Regions Push for Tesla FSD Approval
- Regional Approval Authority: A spokesperson for Belgium's central transport ministry stated that the authority to approve FSD lies with the regions rather than the central government, which could expedite Tesla's technology rollout across Europe.
- Flanders Takes Action: Flanders Transport Minister Annick De Ridder has requested Tesla to provide necessary documents for fast-track approval, with a decision expected by the end of the week, demonstrating the region's support for innovation.
- Netherlands Leads the Way: The Netherlands became the first EU country to provisionally approve Tesla's FSD software after 1.5 years of testing, with the RDW asserting that the software positively contributes to road safety when used correctly, thereby facilitating Tesla's market expansion in Europe.
- Tesla's Future Plans: During its Q1 earnings call, Tesla indicated plans to seek EU-wide FSD approval by late Q2, although CEO Elon Musk acknowledged that regulatory complexities might delay the rollout of robotaxis in Europe.
See More
Rivian Considers In-House Lidar Sensor Production
- Lidar Production Plans: CEO RJ Scaringe announced that Rivian is considering partnerships with Chinese firms to develop its own lidar sensors for the upcoming R2 vehicles, enhancing its competitive edge in self-driving technology.
- Exploring Tech Collaboration: The automaker aims to establish a joint venture to produce lidar sensors in the U.S. using Chinese technology, reducing reliance on Chinese suppliers while addressing national security concerns.
- Chip Development Investment: Rivian is committing hundreds of millions of dollars to its custom chip program, with the first chip, the Rivian Autonomy Processor (RAP-1), set to launch this year, followed by new versions every few years to enhance autonomous driving capabilities.
- Industry Collaboration Intent: Scaringe mentioned that Rivian is in active discussions with lidar firms and exploring opportunities for collaboration with other automakers to develop production capacity in the U.S., strengthening technological capabilities in the sector.
See More
Rivian's CEO Reveals Potential Partnerships with Chinese Firms in Future Plans
Exclusive Plans: Rivian is exploring potential partnerships with Chinese companies to enhance its business strategy.
CEO Insights: The CEO of Rivian has indicated that these partnerships could play a significant role in the company's future growth and development.
See More
Rivian Automotive's CEO Reveals Plans to Potentially Produce Lidar Sensors for Autonomous Driving
Company Initiative: Rivian Automotive is considering the development of its own LiDAR sensors for autonomous driving technology.
Leadership Insight: The CEO of Rivian has indicated that this move is part of the company's strategy to enhance its capabilities in the autonomous vehicle market.
See More
OpenAI Co-Founder Testifies on Musk Dispute
- Testimony Insights: OpenAI co-founder Greg Brockman testified that Elon Musk never made commitments regarding the company's structure, emphasizing that OpenAI remains the best-resourced nonprofit globally, which counters Musk's allegations and highlights the organization's governance stability.
- Musk's Influence: Brockman noted that while Musk was instrumental in attracting some employees to OpenAI, he was also a polarizing figure for others, suggesting that this duality could impact the company's recruitment strategy and team dynamics.
- Financial Motivation Scrutiny: During cross-examination, Brockman admitted to not following through on a $100,000 donation to the nonprofit, with his equity stake in OpenAI's for-profit subsidiary valued at approximately $30 billion, raising questions about his personal financial motivations and potentially affecting public trust in his integrity.
- Equity Dispute: Brockman recounted a heated discussion with Musk over equity stakes in a for-profit affiliate, where Musk's angry reaction and subsequent actions, such as tearing a painting off the wall, not only reflect the tension among founders but could also have lasting implications for OpenAI's strategic direction.
See More
Tesla's FSD System Faces EU Approval Skepticism
- Slow Approval Progress: Tesla's Full Self-Driving (FSD) system has received initial approval in the Netherlands, yet skepticism from EU regulators regarding its safety and technological capabilities, particularly in icy conditions, may hinder its rollout in the European market.
- Regulatory Concerns: Regulators from the Netherlands, Sweden, Finland, Denmark, and Norway have raised alarms about the FSD system's tendency to exceed speed limits and the ease with which drivers can bypass mobile phone usage restrictions, potentially leading to stricter regulatory requirements that could impact Tesla's market strategy.
- Public Pressure Strategy Backfires: Tesla's strategy of encouraging vehicle owners to pressure regulators for FSD approval has faced criticism, with regulators expressing frustration, which may complicate and prolong the approval process.
- Declining Market Share: Tesla's market share in the EU has sharply declined due to increasing competition, particularly from newer models and aggressive pricing strategies by companies like BYD and Volkswagen, which could adversely affect its future sales and profitability.
See More
Belgium's Regions Push for Tesla FSD Approval
- Regional Approval Authority: A spokesperson for Belgium's central transport ministry stated that the authority to approve FSD lies with the regions rather than the central government, which could expedite Tesla's technology rollout across Europe.
- Flanders Takes Action: Flanders Transport Minister Annick De Ridder has requested Tesla to provide necessary documents for fast-track approval, with a decision expected by the end of the week, demonstrating the region's support for innovation.
- Netherlands Leads the Way: The Netherlands became the first EU country to provisionally approve Tesla's FSD software after 1.5 years of testing, with the RDW asserting that the software positively contributes to road safety when used correctly, thereby facilitating Tesla's market expansion in Europe.
- Tesla's Future Plans: During its Q1 earnings call, Tesla indicated plans to seek EU-wide FSD approval by late Q2, although CEO Elon Musk acknowledged that regulatory complexities might delay the rollout of robotaxis in Europe.
See More
Rivian Considers In-House Lidar Sensor Production
- Lidar Production Plans: CEO RJ Scaringe announced that Rivian is considering partnerships with Chinese firms to develop its own lidar sensors for the upcoming R2 vehicles, enhancing its competitive edge in self-driving technology.
- Exploring Tech Collaboration: The automaker aims to establish a joint venture to produce lidar sensors in the U.S. using Chinese technology, reducing reliance on Chinese suppliers while addressing national security concerns.
- Chip Development Investment: Rivian is committing hundreds of millions of dollars to its custom chip program, with the first chip, the Rivian Autonomy Processor (RAP-1), set to launch this year, followed by new versions every few years to enhance autonomous driving capabilities.
- Industry Collaboration Intent: Scaringe mentioned that Rivian is in active discussions with lidar firms and exploring opportunities for collaboration with other automakers to develop production capacity in the U.S., strengthening technological capabilities in the sector.
See More
Rivian's CEO Reveals Potential Partnerships with Chinese Firms in Future Plans
Exclusive Plans: Rivian is exploring potential partnerships with Chinese companies to enhance its business strategy.
CEO Insights: The CEO of Rivian has indicated that these partnerships could play a significant role in the company's future growth and development.
See More
Rivian Automotive's CEO Reveals Plans to Potentially Produce Lidar Sensors for Autonomous Driving
Company Initiative: Rivian Automotive is considering the development of its own LiDAR sensors for autonomous driving technology.
Leadership Insight: The CEO of Rivian has indicated that this move is part of the company's strategy to enhance its capabilities in the autonomous vehicle market.
See More
OpenAI Co-Founder Testifies on Musk Dispute
- Testimony Insights: OpenAI co-founder Greg Brockman testified that Elon Musk never made commitments regarding the company's structure, emphasizing that OpenAI remains the best-resourced nonprofit globally, which counters Musk's allegations and highlights the organization's governance stability.
- Musk's Influence: Brockman noted that while Musk was instrumental in attracting some employees to OpenAI, he was also a polarizing figure for others, suggesting that this duality could impact the company's recruitment strategy and team dynamics.
- Financial Motivation Scrutiny: During cross-examination, Brockman admitted to not following through on a $100,000 donation to the nonprofit, with his equity stake in OpenAI's for-profit subsidiary valued at approximately $30 billion, raising questions about his personal financial motivations and potentially affecting public trust in his integrity.
- Equity Dispute: Brockman recounted a heated discussion with Musk over equity stakes in a for-profit affiliate, where Musk's angry reaction and subsequent actions, such as tearing a painting off the wall, not only reflect the tension among founders but could also have lasting implications for OpenAI's strategic direction.
See More
