A strategist is forecasting further pain ahead for the stock.
Ticker Tocker's Steve Kalayjian, told Business Insider: "Any more bad news on Tesla and there'll be a herd mentality [towards] massive selling." But he says he would "gobble up" Tesla's stocks if they fell as low as $200.
Gizmodo reports that FedEx is partnering with Reliable Robotics to incorporate the firm’s unmanned aircraft into its delivery fleet. Reliable Robotics is an aviation startup run by former Tesla and SpaceX engineers. FedEx isn’t phasing out its existing delivery aircraft fleet just yet, however. FedEx CEO Fred Smith told stockholders that the company’s aircraft crews don’t need to worry about their jobs becoming automated “for the foreseeable future—decades, I would say.
Tesla shares are up after Piper Sandler sets its price target to more than $500 per share. Beyond Meat is down after JPMorgan analysts lowered their rating for the company and experts noted a slowdown..