On March 2, 2025, Goldman Sachs updated its grade for Tesla (NASDAQ:TSLA) to "Cautious," maintaining a "hold" action. At the time, Tesla's stock price was $292.98. Tesla is a leading electric vehicle manufacturer known for its innovative approach to automotive technology. It competes with companies like BYD in China and Waymo in the U.S. in the self-driving space.
Tesla is making significant strides in self-driving technology, which could revolutionize the automotive industry. Despite the lack of a true self-driving car in the global market, Tesla's advancements in AI could position it as a leader. This potential breakthrough could impact Tesla's stock and its position in the global market.
In the U.S., Waymo, a subsidiary of Alphabet, leads the self-driving initiative with services in cities like Los Angeles and San Francisco. However, Waymo's technology hasn't been extensively tested on open roads, and as a non-car manufacturer, it needs partnerships to implement its software. Tesla's ability to integrate self-driving technology into its vehicles gives it a competitive edge.
In China, the largest electric vehicle market, companies like BYD are also developing self-driving features. BYD recently unveiled its "God's Eye" technology. Tesla's advancements in AI and self-driving capabilities could significantly impact its stock and position in the global market, especially in China, where the opportunity is massive.
Tesla's stock is currently priced at $293.05, showing a 3.94% increase, or $11.10 rise. The stock fluctuated between $273.60 and $293.58 during the day. Over the past year, it reached a high of $488.54 and a low of $138.80. Tesla's market capitalization is approximately $942.59 billion, with a trading volume of 115.70 million shares.
