Shares of Tesla Inc TSLA are trading up by 1.43% to $344.56 Monday morning as investors continue to digest a mix of headwinds from U.S. regulators alongside technology initiatives in robotics and artificial intelligence. Here’s what investors need to know.
What To Know: The electric vehicle maker is facing intensified scrutiny from the National Highway Traffic Safety Administration (NHTSA), which has launched a probe into delays in crash reporting related to its Autopilot and Full Self-Driving (FSD) systems. This adds to the company’s recent legal challenges, including a class-action lawsuit in California alleging misleading statements about its FSD capabilities.
On the product front, Tesla announced a $15,000 price increase for its top-tier “Cyberbeast” Cybertruck, bringing the new cost to $114,990. The hike comes despite reports of high inventory, valued at over $200 million, for the recently launched pickup. Conversely, the company is seeing very low inventory for its popular Model Y in the U.S., potentially signaling a sales surge ahead of the September 30 expiration of the $7,500 federal EV tax credit.
Tesla is meanwhile making changes to its products sold abroad. The company plans to introduce new AI chatbots in its Chinese vehicles through a partnership with ByteDance.
Also capturing investor attention, Tesla is reportedly revamping the training strategy for its Optimus humanoid robot, shifting to a “vision-only” approach that relies on video data, a significant departure from industry-standard methods.
Price Action: According to data from Benzinga Pro, TSLA shares are trading up by 1.43% at $340.84 Monday morning. The stock has a 52-week high of $488.54 and a 52-week low of $202.59.
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By now you're likely curious about how to participate in the market for Tesla – be it to purchase shares, or even attempt to bet against the company.
Buying shares is typically done through a brokerage account. You can find a list of possible trading platforms here. Many will allow you to buy “fractional shares,” which allows you to own portions of stock without buying an entire share.
In the case of Tesla, which is trading at $340.8 as of publishing time, $100 would buy you 0.29 shares of stock.
If you're looking to bet against a company, the process is more complex. You'll need access to an options trading platform, or a broker who will allow you to “go short” a share of stock by lending you the shares to sell. The process of shorting a stock can be found at this resource. Otherwise, if your broker allows you to trade options, you can either buy a put option, or sell a call option at a strike price above where shares are currently trading – either way it allows you to profit off of the share price decline.
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This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
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