Tesla is moving closer to completing the design of its next-generation AI5 chip and has already begun development work on its AI6 processor, CEO Elon Musk said Sunday in a post on X.
Tesla reported a mixed third quarter with a strong top-line result. A former employee is suggesting to be skeptical of the extent of the company's full self-driving capabilities.
Tesla stock (NASDAQ: TSLA) tumbled over 2% on Friday, breaking below the critical $400 support level as investors reassess valuations amid hawkish Federal Reserve commentary and deepening AI bubble concerns. The sell-off dragged alongside mega-cap tech peers: Nvidia fell 2.9%, and Amazon dropped around 1%.
U.S. major stocks attempted a modest recovery on Friday after a broad selloff, with Tesla, Palantir, and Super Micro Computer all showing early signs of stabilization. Key EMAs and established support levels remain crucial as traders look for broader market participation before committing to new positions.
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