Latest news with #StephenGengaro
Yahoo
8 hours ago
- Automotive
- Yahoo
Don't expect to see Tesla robotaxis everywhere just yet
Tesla's (TSLA) robotaxis are expected to hit the street this weekend in Austin, Texas. Stifel NextGen Transport analyst Stephen Gengaro says that investors shouldn't expect to see a slew of robotaxis hitting the roads across America just yet. Find out why in the video above. To watch more expert insights and analysis on the latest market action, check out more Market Domination here. Tesla is set to roll out their Robotaxis this weekend, and our next guest today says a successful launch is essential for Tesla to validate the company's long-term pivot toward autonomous mobility. For more, let's welcome in now Stephen Genero, Stephel NextGen transport analyst. Steven, it's good to see you. So, uh, Tesla's robotaxi service rolling out this weekend there in Texas. Steven, what, what do you expect to see and hear and how excited should investors be for this moment? Yeah, hi Josh, and thanks for having me again. So when we think about Tesla in general, right, the RoboTaxi initiative and the full self-driving initiative are critical long term value drivers of the company, and we've talked a lot about that in research notes. When we think about this weekend, I mean, we think this is going to be a slow process, right? This morning you already had some vendors and some, some. A folks, I think there were local local representatives down in Texas wanting to sort of delay the launch till more safety can be checked. But you know this is going to be a slow process. You're probably going to see, you're expected to see 10 or 20 vehicles on the road model wise that are being very closely monitored by Tesla. So this is, you know, a very slow process, but it is obviously, you know, the first step. Something which can be much, much larger over time. And in terms of how, how it expands from here, Stephen, here was Dan Eyes or Wedbush. We know Dan Bull of bulls on Tesla, told his clients that he said, while the Austin launch will start off small with roughly 20 Moo Y vehicles, he says, it's our view. Tesla will launch and scale its Rebo Taxi service to roughly 25 cities in the US over the next year. What do you make of that? Well, it's, I think the first thing that we have to think about, Josh, is, is safety, right? And I think one of the risks to, to the launch is obviously the safety of, of the autonomous driving system and You know, if, if I get in an accident on, on my way to work on Monday, and nobody's going to know or care if a robotaxi, you know, bumps into a fire hydrant, it's going to be in every news feed probably in the world, right? So there has to be a really careful focus on safety. So when we think about, you know, the next steps from here. I do think you're going to see it roll out, you know, over, over the next 2 to 3 quarters in multiple cities in the US, you know, I think it's going to be measured. I think it's going to be a slow process. I mean, when, when we think about the importance of it to Tesla, I don't care that much if it's in 3 cities or 5. or seven cities and you know, by December 30th first, what I care is that if there's a clean launch, it goes smoothly and the safety record is extremely high. And I think, I think Tesla understands that. So while we do build in these significant long term upside potentials for the company and the RoboTaxi is obviously a big part of our evaluation, uh, I think the near term, you know, the focus on safety is more important than how many vehicles are actually out there.
Yahoo
27-05-2025
- Business
- Yahoo
TETRA TECHNOLOGIES, INC. TO PARTICIPATE IN UPCOMING INVESTOR CONFERENCES
THE WOODLANDS, Texas, May 27, 2025 /PRNewswire/ -- TETRA Technologies, Inc. ("TETRA" or the "Company") (NYSE:TTI) announced that its senior management will be participating in two investor conferences in early June. Stifel 2025 Boston Cross Sector 1x1 ConferenceBrady Murphy, Chief Executive Officer, and Elijio Serrano, Chief Financial Officer, will participate at the Stifel 2025 Boston Cross Sector 1x1 Conference on June 4 and will be hosting one-on-one meetings with institutional investors. Investors interested in scheduling one-on-one meetings with TETRA's management team during the conference should contact Stephen Gengaro at gengaros@ RBC 2025 Capital Markets Global Energy, Power & Infrastructure ConferenceKurt Hallead, VP of Investor Relations and Treasurer, will be hosting one-on-one meetings with institutional investors on June 4 at the 2025 RBC Capital Markets Global Energy, Power & Infrastructure Conference. Investors interested in scheduling one-on-ones meetings at the conference should contact Christy Cerralvo at / 214-989-1566 or Abby Siegel at / 404-260-4870. Company OverviewTETRA Technologies, Inc. is an energy services and solutions company focused on developing environmentally conscious services and solutions that help make people's lives better. With operations on six continents, the Company's portfolio consists of Energy Services, Industrial Chemicals, and Critical Minerals. In addition to providing products and services to the oil and gas industry and calcium chloride for diverse applications, TETRA is expanding into the low-carbon energy market with chemistry expertise, key mineral acreage, and global infrastructure, helping to meet the demand for sustainable energy in the twenty-first century. Visit the Company's website at for more information or connect with us on LinkedIn. Investor ContactFor further information, please contact Elijio Serrano, CFO, TETRA Technologies, Inc. at (281) 367-1983 or via email at eserrano@ or Kurt Hallead, Treasurer and Vice President of Investor Relations at (281) 367-1983 or via email at khallead@ View original content to download multimedia: SOURCE TETRA Technologies, Inc. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
01-04-2025
- Automotive
- Yahoo
Tesla's Short-Term Hit Doesn't Shake Long-Term Case, Says Stifel
Tesla (NASDAQ:TSLA) is facing a challenging quarter, with delivery expectations for Q1 2025 subdued amid slowing consumer demand. Stifel analyst Stephen Gengaro attributes the drag to a mix of factors, including anticipation for upcoming models and public backlash related to CEO Elon Musk. The launch of the refreshed Model Y and a lower-priced vehicle expected later in 2025 is creating near-term uncertainty, Gengaro noted. Tesla's Q1 and full-year delivery estimates have been revised downward to 353,418 and 1.86 million, respectively, from previous forecasts of 458,672 and 2.08 million. Political sentiment is also shifting. Stifel data shows a decline in favorability toward Tesla among Democratic voters, adding another headwind to short-term demand. Still, Gengaro sees longer-term potential. The rollout of Tesla's unsupervised full self-driving system is expected to begin in Austin, Texas in June, with expansion later in the year. He also sees limited impact from upcoming U.S. auto import tariffs, given Tesla's domestic production base. Despite trimming the price target to $455 from $474, Gengaro reiterated a Buy rating, projecting approximately 72% upside. This article first appeared on GuruFocus. Sign in to access your portfolio
Globe and Mail
31-03-2025
- Automotive
- Globe and Mail
Why Tesla (TSLA) Shares Are Trading Lower Today
What Happened? Shares of electric vehicle pioneer Tesla (NASDAQ:TSLA) fell 6.4% in the pre-market session after anxiety and uncertainty rattled markets as the major stock indices pulled back in the morning session amid concerns about "reciprocal tariffs" to be announced later in the week. The planned tariffs, scheduled for April 2, 2025 (dubbed Liberation Day), were targeted at all countries where the United States had a trade deficit. Simply put, if a US trading partner imposed higher tariffs on American goods than the US did on theirs, the "reciprocal tariffs" would apply. The prospect of heightened trade tensions seemed to have stoked fears of stagflation (slower economic growth and elevated inflation) as the anticipated tariffs will likely raise input costs for businesses. Separately, Stifel analyst Stephen Gengaro lowered the stock's price target, citing concerns related to the slow rollout of the new Model Y. Gengaro noted that Model Y sales may be limited by several headwinds, most notably, a slowdown in global EV demand and intensifying competition. The stock market overreacts to news, and big price drops can present good opportunities to buy high-quality stocks. Is now the time to buy Tesla? Access our full analysis report here, it's free. What The Market Is Telling Us Tesla's shares are extremely volatile and have had 125 moves greater than 2.5% over the last year. In that context, today's move indicates the market considers this news meaningful but not something that would fundamentally change its perception of the business. The previous big move we wrote about was 5 days ago when the stock dropped 6.3% on the news that stocks pulled back (Nasdaq -1.5%, S&P 500 -1.2%) amid fresh concerns about trade tariffs. The pullback followed comments from President Trump clarifying the scope of his administration's 25% tariffs on Venezuela. He noted that it would apply to any country that does business with Venezuela. For example, 25% is on top of the already-in-place 20% tariff on China because China imports oil from Venezuela, which could translate to a 45% tariff on some Chinese goods. This announcement could significantly raise the operating costs for affected companies and institutions. Adding to the market unease, the President announced plans for new tariffs on auto imports before the planned "reciprocal" tariffs on April 2, 2025. Tesla is down 32.7% since the beginning of the year, and at $255.01 per share, it is trading 46.9% below its 52-week high of $479.86 from December 2024. Investors who bought $1,000 worth of Tesla's shares 5 years ago would now be looking at an investment worth $7,302. Today's young investors won't have read the timeless lessons in Gorilla Game: Picking Winners In High Technology because it was written more than 20 years ago when Microsoft and Apple were first establishing their supremacy. But if we apply the same principles, then enterprise software stocks leveraging their own generative AI capabilities may well be the Gorillas of the future. So, in that spirit, we are excited to present our Special Free Report on a profitable, fast-growing enterprise software stock that is already riding the automation wave and looking to catch the generative AI next.
Yahoo
31-03-2025
- Automotive
- Yahoo
Why Tesla Stock Is Down Again Today
Shares of the electric carmaker Tesla (NASDAQ: TSLA) once again found the red today, as stocks extended their sell-off and another analyst lowered his price target on the stock. Tesla is trading about 5% lower as of 11:08 a.m. ET. Stifel Financial analyst Stephen Gengaro issued a report this morning, lowering his price target on Tesla by $19 to $455. This still implies over 72% upside, and Gengaro maintained his buy rating on the stock. Gengaro's near-term concerns are shared by a growing chorus of analysts who expect Tesla to report weaker first-quarter deliveries due to a slow launch of Tesla's new Model Y, a potential hit from CEO Elon Musk's foray into politics, and reports of vandalism to Tesla vehicles. Still, Gengaro is bullish long-term and thinks current headwinds are near-term issues. "The ramp of the new Model Y, the best-selling car in the world in 2024, is clearly a short-term sales headwind," Gengaro said in his note. "As Model Y production ramps in 2025, we expect sales to accelerate." Gengaro is also bullish on the upcoming launch of Tesla's unsupervised full-self-driving technology in Austin and the launch of a lower-cost vehicle later this year. Gengaro also thinks that the company's energy storage division could be another catalyst not baked into the stock price yet. Bearish analysts are more concerned about first-quarter deliveries, while bullish analysts are looking ahead to catalysts powered by Tesla's potential artificial intelligence capabilities, which Musk expects to power new businesses like self-driving and robotics. Those may pan out, but with Tesla still trading at 93 times forward earnings, I'm avoiding the stock for now. At this kind of valuation, unexpected bad news from tariffs, the company's first-quarter earnings, or delays in future business launches could lead to big sell-offs, which is why I still don't like the risk-reward setup. Ever feel like you missed the boat in buying the most successful stocks? Then you'll want to hear this. On rare occasions, our expert team of analysts issues a 'Double Down' stock recommendation for companies that they think are about to pop. If you're worried you've already missed your chance to invest, now is the best time to buy before it's too late. And the numbers speak for themselves: Nvidia: if you invested $1,000 when we doubled down in 2009, you'd have $284,402!* Apple: if you invested $1,000 when we doubled down in 2008, you'd have $41,312!* Netflix: if you invested $1,000 when we doubled down in 2004, you'd have $503,617!* Right now, we're issuing 'Double Down' alerts for three incredible companies, and there may not be another chance like this anytime soon.*Stock Advisor returns as of March 24, 2025 Bram Berkowitz has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Tesla. The Motley Fool has a disclosure policy. Why Tesla Stock Is Down Again Today was originally published by The Motley Fool Sign in to access your portfolio
