What's Going On With Tesla Stock?
Portfolio Pulse from Adam Eckert
Tesla Inc (NASDAQ:TSLA) is being discussed due to reports of India considering tax cuts on EV imports to attract Tesla and a potential meeting between CEO Elon Musk and Indian trade minister Piyush Goyal. Additionally, EG Group plans to buy Tesla charging units for its European network, and Tesla's FSD software version 12 is expected to be testable in two weeks. Tesla shares were down 1.23% at $212.19 at the time of publication.

November 13, 2023 | 2:46 pm
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POSITIVE IMPACT
Tesla is in focus with India's potential tax cuts for EV imports, a meeting between Musk and India's trade minister, EG Group's purchase of Tesla charging units, and the upcoming test of FSD software version 12.
The potential tax cuts in India could significantly boost Tesla's market presence and sales in a new and growing market, which is positive for the stock. The partnership with EG Group for charging units expands Tesla's charging network, which is also positive. The upcoming FSD software test indicates progress in Tesla's technology, which could be seen favorably by investors. However, the current stock price dip suggests market reactions may be mixed in the short term.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90