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BullDigest's March 24 Post-Market Summary of Tesla, Inc.

  • 24.03.2025 22:04
  • bulldigest.com
  • Keywords: Post-Market, Summary, Tesla, Inc.

Check out BullDigest's March 24 Post-Market Summary of Tesla, Inc.. We provide a summary of the key news from market opening hours.

Post-Market SummaryTSLAsentiment_dissatisfiedNDAQsentiment_satisfiedBYDDYsentiment_dissatisfiedPCG/PX

Estimated market influence

Tesla

Tesla

Negativesentiment_dissatisfied
Analyst rating: Neutral

Facing criticism for high crash rates, anti-union stances, and OSHA violations at factories with higher-than-average injury rates.

SpaceX

Negativesentiment_dissatisfied
Analyst rating: N/A

Musk claims political motivation behind the Biden administration's rejection of SpaceX assistance.

Dow Jones

Positivesentiment_satisfied
Analyst rating: N/A

Rebounded to 42,500 due to hopes of easing tariffs and mixed PMI data.

S&P 500

Positivesentiment_satisfied
Analyst rating: N/A

Rose 1.7% following market recovery.

NASDAQ

NASDAQ

Positivesentiment_satisfied
Analyst rating: Buy

Rallied 2.2% as part of the market rebound.

Cathie Wood

Neutralsentiment_neutral
Analyst rating: N/A

Snapped up shares of Beam Therapeutics despite challenging market conditions.

BYD

BYD

Negativesentiment_dissatisfied
Analyst rating: Strong buy

Competing with Tesla in the Chinese EV market, targeting its market share.

Sunrun

Neutralsentiment_neutral
Analyst rating: N/A

Partnership with PG&E for VPP program to utilize solar+storage customer homes.

PG&E

Neutralsentiment_neutral
Analyst rating: —

Collaborated with Sunrun on the VPP program.

Wisconsin

Positivesentiment_satisfied
Analyst rating: N/A

Tesla's appeal to open dealerships in Milwaukee moved forward.

Context

Business Insights and Market Implications Summary

Elon Musk & Tesla Controversy

  • Musk's Defense: Claims his companies' success and lack of physical harm, attributing criticism to opposition from "woke" ideologies.
  • Criticism Points:
    • High crash rates in Tesla vehicles.
    • Anti-union stance and OSHA violations at factories.
    • Higher-than-average injury rates in Tesla plants.

Political & Regulatory Dynamics

  • Political Attacks: Musk alleges political motivation behind Biden administration's rejection of SpaceX assistance and increasing threats against Tesla facilities.
  • Government Spending Warning: Warns of U.S. government bankruptcy due to wasteful spending, positioning himself as a divisive figure supporting Trump.

Market Performance (March 24, 2025)

  • Dow Jones Recovery: Rebounded to 42,500, driven by easing tariff hopes and mixed PMI data (Manufacturing PMI: 49.8, Services PMI: 54.3).
  • Index Gains:
    • DJIA: +1.4%
    • S&P 500: +1.7%
    • NASDAQ: +2.2%
  • Tesla Stock Surge: TSLA surged by 11.5% to $277/share, ending a nine-week losing streak.
  • Technical Levels:
    • Above 200-day EMA (~42,000).
    • Below 50-day EMA (~43,000).

China Self-Driving Rollout

  • Full Self-Driving in China: Tesla set to launch its highest-level driver-assistance product in China.

Competitive Landscape

  • BYD's Challenge: Launched "Tesla killer" model (Qin L) targeting China's middle class with affordable EVs, directly competing at Tesla's price points.
  • Market Share Concerns: Tesla's market share declining in China as BYD gains traction.

Business Developments & Strategic Moves

  • Driverless Service Permit: Tesla received California permit to transport employees with employed drivers, advancing toward driverless taxis.
  • Wisconsin Dealerships: Appeal to open dealerships in Wisconsin moved to Milwaukee.

Vandalism & Security Concerns

  • Incendiary Devices: Found at Austin Tesla dealership; FBI warns of potential attacks.
  • Protests Motives: Stem from Musk's Trump ties and budget cuts as DOGE director.
  • Security Measures: FBI launching task force to investigate targeted attacks on Tesla.

Border Enforcement Issue

  • Alien Enemies Act (AEA): Border czar Tom Homan admits expedited deportations without due process, targeting Venezuelans.
  • Legal Challenge: ACLU sued over AEA deportations; Judge Boasberg denied government request to lift restraining order.