ETFs That Gained on Mag 7's Worst Day in a Year
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jul 12 2024
0mins
Should l Buy TSLA?
Source: NASDAQ.COM
- Tech Stocks Performance: Big Tech stocks like NVIDIA and the "Magnificent 7" group, including Tesla, had a significant drop in value, with the Nasdaq Composite slipping almost 2% due to various factors.
- Market Response to Inflation and Rate Cuts: Following a decrease in the Consumer Price Index (CPI) and talks of potential rate cuts by the Fed, investors shifted focus to rate-sensitive sectors like Real Estate and Utilities, anticipating benefits from a low-rate environment.
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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: 383.030
Low
25.28
Averages
401.93
High
600.00
Current: 383.030
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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Upcoming Decisions: The actual size of the offering and its valuation will not be determined until a few weeks before the IPO.
See More
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- Market Expectations: Wedbush analyst Dan Ives maintains an ‘Outperform’ rating on Tesla with a $600 price target, believing that Terafab will accelerate Tesla's positioning in the AI sector, despite uncertainties surrounding the project's timeline.
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See More
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- Partnership with Uber: Rivian has signed a significant contract with Uber Technologies to deploy up to 50,000 autonomous robotaxis by 2031, which will greatly enhance Rivian's market share and brand visibility.
- Financial Backing: Uber will invest up to $1.25 billion in Rivian based on specific performance milestones, providing essential funding that will accelerate Rivian's technology development and market expansion.
- Declining Deliveries: Rivian delivered 42,247 vehicles in 2025, an 18% decrease from the previous year, primarily due to the expiration of federal EV tax credits and weakened overall demand, posing challenges for its future market performance.
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See More
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See More
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Company Valuation: SpaceX is currently valued at $1.25 trillion.
Upcoming Decisions: The actual size of the offering and its valuation will not be determined until a few weeks before the IPO.
See More
SPACEX MAY SEEK OVER $75 BILLION IN IPO, REPORTS THE INFORMATION
- SpaceX's IPO Plans: SpaceX is attempting to raise over $75 billion through its initial public offering (IPO).
- Market Impact: The potential IPO could significantly influence the aerospace and technology sectors, attracting considerable investor interest.
See More
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- Project Overview: Tesla's Terafab project aims to address the significant constraints posed by chip and memory supply on AI advancements in the coming years by integrating design, fabrication, mask production, packaging, and testing to enhance overall production efficiency.
- Market Expectations: Wedbush analyst Dan Ives maintains an ‘Outperform’ rating on Tesla with a $600 price target, believing that Terafab will accelerate Tesla's positioning in the AI sector, despite uncertainties surrounding the project's timeline.
- Strategic Importance: Musk described Terafab as “the most epic chip-building exercise in history,” with the facility expected to produce over one terawatt of computing capacity annually, supporting Tesla's vehicles, Optimus robots, and future space-based AI infrastructure.
- Investor Sentiment: Despite TSLA stock gaining 38% over the past 12 months, retail sentiment on Stocktwits remains in the ‘extremely bearish’ territory, indicating market concerns about future developments.
See More
Rivian Signs Major Contract with Uber for Robotaxis
- Partnership with Uber: Rivian has signed a significant contract with Uber to deploy up to 50,000 autonomous robotaxis by 2031, with Uber potentially investing up to $1.25 billion based on specific performance milestones, providing Rivian with crucial funding and market visibility.
- Market Share and Deliveries: Despite Rivian's market cap of $19 billion and less than 1% global market share, it delivered 42,247 vehicles in 2025, an 18% decline from the previous year, primarily due to the expiration of federal EV tax credits and weaker overall demand, highlighting competitive pressures.
- Tesla's Market Leadership: Tesla delivered 1.63 million vehicles in 2025, down from the previous year, facing challenges with declining profit margins; however, its energy generation and storage revenue increased from $6.03 billion to $12.77 billion, demonstrating the success of its diversification strategy.
- Future Outlook and Robotics Market: Tesla is shifting production focus to its Optimus robots, with analysts predicting a $9 trillion humanoid robot market by 2050, where Tesla could capture 5% or $450 billion, further solidifying its leadership in both EV and robotics sectors.
See More
Rivian Secures Major Deal with Uber Technologies
- Partnership with Uber: Rivian has signed a significant contract with Uber Technologies to deploy up to 50,000 autonomous robotaxis by 2031, which will greatly enhance Rivian's market share and brand visibility.
- Financial Backing: Uber will invest up to $1.25 billion in Rivian based on specific performance milestones, providing essential funding that will accelerate Rivian's technology development and market expansion.
- Declining Deliveries: Rivian delivered 42,247 vehicles in 2025, an 18% decrease from the previous year, primarily due to the expiration of federal EV tax credits and weakened overall demand, posing challenges for its future market performance.
- Future Outlook: Despite these challenges, Rivian anticipates delivering between 62,000 and 67,000 vehicles in 2026, and achieving this target will help boost investor confidence and strengthen its competitive position in the electric vehicle market.
See More
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- Acquisition Boosts Robotics Strategy: Amazon's acquisition of Fauna Robotics, while details remain undisclosed, marks a significant advancement in the humanoid robotics sector, positioning the company to compete with Tesla and seize a market opportunity projected to exceed $5 trillion by 2050.
- Fauna's Technological Potential: Founded in 2024, Fauna's Sprout robot stands at 3.5 feet tall and weighs 50 pounds, designed to be approachable for software developers; although not yet suitable for industrial use, it can help Amazon gather valuable data in the home robotics space.
- Ongoing Robotics Investments: This isn't Amazon's first foray into robotics, having acquired Kiva Systems for $775 million in 2012; the acquisitions of Fauna and Swiss company Rivr signal Amazon's commitment to rapidly enhance its robotics capabilities.
- E-commerce Profit Potential: By increasing warehouse and delivery automation, Amazon aims to transform its e-commerce operations into a more profitable segment, with the Fauna acquisition indicating its intent to lead in the home humanoid robot market.
See More
