TSLA Stock News: 6 Biggest Headlines That Tesla Investors Need to Know This Week

Tesla Insurance coverage Adds 3 A lot more States, Designs to be Nationwide This Year

With so substantially aim on Tesla’s earnings and Musk’s Twitter offer, it’s simple to ignore the fewer-fascinating stories. However, traders should also know that Tesla is furthering its mission of insuring its motor vehicles. While the InsureMyTesla initiative was at first introduced for drivers in Hong Kong and Australia, it is now spreading to the United States. Tesla’s website notes that the coverage is not primarily based “on details that has tiny to do with driving” but as an alternative on a basic safety score the organization calculates. This rating is dependent on factors like “aggressive turns” and “hard stops.” The insurance is now accessible to motorists in Colorado, Oregon and Virginia.

Cathie Wooden Sells $66M In Tesla Stock On Earnings Day

This 7 days, fresh new off of doubling down on TSLA stock, famed trader Cathie Wood offloaded some shares. As InvestorPlace‘s Eddie Pan reports, Wood offered $66 million truly worth, totaling 67,884. Pan also notes, though, that Wood thinks Tesla’s “potential robotaxi business will be extremely successful and lead far more than 50% of Tesla’s worth by 2026.” This go to market should not fret traders, possibly. TSLA inventory didn’t dip much too substantially right now — and it is very likely to be again in the green on Monday. Inspite of providing, Wood nonetheless sees Tesla’s growth potential. Other buyers should not dismiss that.

On the day of publication, Samuel O’Brient did not hold (either right or indirectly) any positions in the securities talked about in this write-up. The viewpoints expressed in this write-up are these of the author, subject to the InvestorPlace.com Publishing Guidelines.

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