What is in Store for Tesla and Rivian Stock?

The Trade Desk and Tesla reported strong earnings with The Trade Desk set for robust revenue growth in 2024 and Tesla anticipated to bounce back soon, highlighting positive future prospects despite recent stock declines.

Here is a comparison of the trailing 12-month Price-to-Sales ratios of the S&P 7.

I believe the short-term sentiment has flipped bearish.

As Tesla readies for its Q2 earnings release, the financial world is set to focus on key issues, including the company's gross margin, the production status of the highly anticipated Cybertruck, and Tesla's ambitious expansion plans aiming for a ten-fold increase in production capacity by the end of the decade.

Long-term if you are a Tesla bull you’re likely looking at any discount to buy the stock.

Despite intense competition, Tesla sustains its dominant market position with 60% of all U.S. electric vehicle sales in H1 2023, yet questions loom over the sustainability of its aggressive pricing strategy.

We’ve all seen this movie before. Tesla (NASDAQ: TSLA) is on another one of its parabolic rallies and gained a further 12% this week.

GM and Ford's recent partnership with Tesla to use its charging network could either accelerate the electrification drive, or simply extend the survival of traditional automakers in the rapidly evolving EV market.

CEO Cathie Wood sees a promising future for companies centered on artificial intelligence and software, including Tesla and Nvidia, anticipating significant revenue growth from software-as-a-service providers and a booming autonomous taxi market, while also valuing the potential of the AI market and technological innovation in China.