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: 398.680
Low
25.28
Averages
401.93
High
600.00
Current: 398.680
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.
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- Declining Sales: Tesla delivered 1.79 million EVs in 2024, a 1% decline from the previous year, and further dropped to 1.63 million in 2025, marking a 9% year-over-year decrease, which led to a 10% drop in automotive revenue and a staggering 47% plunge in earnings per share (EPS) for 2025.
- Increased Market Competition: Tesla plans to discontinue the Model X and Model S in 2026 to focus on higher-volume models like the Model Y and Model 3, yet faces intensified competition from low-cost manufacturers like BYD, which has rapidly gained market share.
- Future Product Uncertainty: While Tesla's Cybercab robotaxi and Optimus humanoid robot are seen as promising future products, the current approval of FSD technology only in Texas poses significant delays for broader rollout, potentially impacting future revenue streams.
- Valuation Concerns: With a price-to-earnings ratio of 377, Tesla's stock is significantly overvalued compared to other trillion-dollar companies, and if EV sales continue to decline or if there are delays in new product launches, a 34% drop in stock price could lead to Tesla exiting the $1 trillion club by 2026.
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Market Position: SpaceX commands a significant share of the commercial space industry, with estimates suggesting it holds 70-80% of the market, and is on track to exceed its previous launch records.
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- Declining Sales: Tesla delivered 1.79 million EVs in 2024, a 1% decline, followed by a sharper 9% drop to 1.63 million in 2025, leading to a 10% decrease in automotive revenue and a staggering 47% plunge in earnings per share (EPS), highlighting the weakness in its core business.
- Increased Market Competition: Tesla plans to discontinue the Model X and Model S in 2026 to focus on more competitive, lower-priced models like the Model Y and Model 3, in response to market encroachment from low-cost manufacturers like BYD, which outsold Tesla globally for the first time in 2025.
- Future Product Uncertainty: While Tesla's Cybercab and Optimus robots are seen as future growth opportunities, the FSD technology is currently only approved for use in Austin, Texas, and broader rollout faces strict regulations, potentially delaying product launches and impacting investor confidence.
- Significant Valuation Risks: With a price-to-earnings ratio of 377, Tesla's stock is vastly overvalued compared to the Nasdaq-100 index; a 34% decline in stock price would drop it out of the $1 trillion club, with significant risks of adjustment if EV sales continue to decline or product rollouts are delayed.
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- Market Positioning: The collaboration allows Zoox to leverage Uber's platform, where CEO Dara Khosrowshahi noted that autonomous vehicles on Uber's app achieve 30% higher utilization than those on standalone platforms, potentially enhancing Zoox's market competitiveness.
- Service Expansion: Zoox's toaster-shaped robotaxis have provided over 300,000 free rides in Las Vegas, and while they are not yet charging for rides, the expansion of testing efforts indicates significant progress in their operational capabilities and readiness for commercial deployment.
- Regulatory Hurdles: Zoox is seeking an exemption from U.S. regulators to deploy up to 2,500 vehicles commercially, having previously only received approval for research purposes, which is critical for its future business strategy and market entry plans.
See More
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- Declining Sales: Tesla delivered 1.79 million EVs in 2024, a 1% decline from the previous year, and further dropped to 1.63 million in 2025, marking a 9% year-over-year decrease, which led to a 10% drop in automotive revenue and a staggering 47% plunge in earnings per share (EPS) for 2025.
- Increased Market Competition: Tesla plans to discontinue the Model X and Model S in 2026 to focus on higher-volume models like the Model Y and Model 3, yet faces intensified competition from low-cost manufacturers like BYD, which has rapidly gained market share.
- Future Product Uncertainty: While Tesla's Cybercab robotaxi and Optimus humanoid robot are seen as promising future products, the current approval of FSD technology only in Texas poses significant delays for broader rollout, potentially impacting future revenue streams.
- Valuation Concerns: With a price-to-earnings ratio of 377, Tesla's stock is significantly overvalued compared to other trillion-dollar companies, and if EV sales continue to decline or if there are delays in new product launches, a 34% drop in stock price could lead to Tesla exiting the $1 trillion club by 2026.
See More
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SpaceX IPO Rumors: Speculation is growing around SpaceX's potential initial public offering (IPO), expected to be announced by mid-2026, with valuation estimates around $1.5 trillion, making it one of the largest IPOs in history.
Starlink's Role: Starlink, a major business line for SpaceX, is crucial for generating steady cash flow, which could help fund SpaceX's ambitious launch plans and reduce reliance on external financing.
Market Position: SpaceX commands a significant share of the commercial space industry, with estimates suggesting it holds 70-80% of the market, and is on track to exceed its previous launch records.
AI Integration: The recent acquisition of xAI, a startup developing advanced AI models, aligns with SpaceX's goals to enhance operational efficiency and leverage AI for future space missions, including plans for lunar and Martian exploration.
See More
Tesla Faces Valuation Crisis Amid Declining Sales
- Declining Sales: Tesla delivered 1.79 million EVs in 2024, a 1% decline, followed by a sharper 9% drop to 1.63 million in 2025, leading to a 10% decrease in automotive revenue and a staggering 47% plunge in earnings per share (EPS), highlighting the weakness in its core business.
- Increased Market Competition: Tesla plans to discontinue the Model X and Model S in 2026 to focus on more competitive, lower-priced models like the Model Y and Model 3, in response to market encroachment from low-cost manufacturers like BYD, which outsold Tesla globally for the first time in 2025.
- Future Product Uncertainty: While Tesla's Cybercab and Optimus robots are seen as future growth opportunities, the FSD technology is currently only approved for use in Austin, Texas, and broader rollout faces strict regulations, potentially delaying product launches and impacting investor confidence.
- Significant Valuation Risks: With a price-to-earnings ratio of 377, Tesla's stock is vastly overvalued compared to the Nasdaq-100 index; a 34% decline in stock price would drop it out of the $1 trillion club, with significant risks of adjustment if EV sales continue to decline or product rollouts are delayed.
See More
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- JPMorgan Upgrades Oracle: JPMorgan upgraded Oracle from neutral to overweight, citing a 55% drop in shares since mid-September that has de-risked valuation, while shifting investor expectations to a lower bar for FY30 targets and OpenAI ramp.
- Evercore Reiterates Netflix Outperform: Evercore ISI's survey indicates strengthening customer satisfaction and pricing power for Netflix, reinforcing its status as a high-quality asset in global streaming, supported by unmatched scale and localized content production.
- Barclays Double Upgrades Arthur J. Gallagher: Barclays upgraded Arthur J. Gallagher from underweight to overweight, viewing the insurance company as a “great” defensive play in the current market environment, highlighting its resilience amid economic uncertainty.
- Barclays Reiterates Tesla Equal Weight: Barclays noted Tesla's battery energy storage system sales are capacity constrained, but expansion supports robust growth ahead, with expectations for Tesla to maintain top global market share in 2025, showcasing significant potential in the storage market.
See More
Zoox Partners with Uber to Launch Robotaxi Service
- Market Expansion Partnership: Zoox has entered a multi-year partnership with Uber to launch its robotaxi service in Las Vegas this summer, with plans to expand to Los Angeles next year, indicating Amazon's growing confidence in the autonomous driving market.
- Competitive Landscape Analysis: While Zoox has provided over 300,000 free rides in Las Vegas and San Francisco, it lags behind competitors like Waymo, which has surpassed 400,000 weekly rides across six U.S. cities, highlighting the intense competition in the market.
- Enhanced User Experience: Zoox CEO Aicha Evans stated that this partnership will offer a differentiated riding experience for Uber users, aiming to enhance passenger convenience and satisfaction by leveraging Uber's user base alongside Zoox's technological advantages.
- Regulatory Challenges Addressed: Zoox is seeking an exemption from U.S. regulators to commercially deploy 2,500 robotaxis on U.S. roads, having only received approval for research and demonstration purposes, reflecting the compliance challenges it faces in scaling operations.
See More
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- Partnership Announcement: Amazon's Zoox has formed a multiyear partnership with Uber to launch its driverless robotaxis in Las Vegas this summer and expand to Los Angeles next year, reflecting growing confidence in Amazon's capabilities in the emerging robotaxi market.
- Market Positioning: The collaboration allows Zoox to leverage Uber's platform, where CEO Dara Khosrowshahi noted that autonomous vehicles on Uber's app achieve 30% higher utilization than those on standalone platforms, potentially enhancing Zoox's market competitiveness.
- Service Expansion: Zoox's toaster-shaped robotaxis have provided over 300,000 free rides in Las Vegas, and while they are not yet charging for rides, the expansion of testing efforts indicates significant progress in their operational capabilities and readiness for commercial deployment.
- Regulatory Hurdles: Zoox is seeking an exemption from U.S. regulators to deploy up to 2,500 vehicles commercially, having previously only received approval for research purposes, which is critical for its future business strategy and market entry plans.
See More
