Latest news with #TeslaRoadster
Yahoo
16-05-2025
- Automotive
- Yahoo
Could Rivian Stock Help You Become a Millionaire?
Tesla is now worth $1 trillion thanks to a step-by-step master plan it conceived. Smaller rival Rivian Automotive aims to follow much the same path to growth. 10 stocks we like better than Rivian Automotive › With a market capitalization of just $17 billion, Rivian Automotive (NASDAQ: RIVN) has a long way to go to reach rival Tesla's (NASDAQ: TSLA) $1 trillion valuation. But if the gap is ever closed, shares of the upstart electric vehicle (EV) maker could potentially see huge upside ahead. If all goes well, even a relatively small investment could balloon significantly, helping your portfolio pass the $1 million mark. Will Rivian ever approach Tesla's gargantuan size? There are two reasons to believe such a meteoric rise is possible. Growing your portfolio isn't as simple as buying growth stocks. Often, growth stocks are already priced at a premium. So while sales or profits may grow immensely, the market may have already priced in that growth, resulting in minimal gains for shareholders. Sometimes, a company can grow by leaps and bounds and yet shareholders lose value due to buying in at too steep a premium. Rivian does not face this risk right now. Compared to competitors, its shares trade at a bargain valuation of just 3.1 times sales. Sluggish revenue growth forecasts add credence to this discounted valuation. But there's no denying that the company's stock is a bargain not only compared to the competition but also compared to its trading history. RIVN PS Ratio data by YCharts The market simply isn't excited about Rivian stock right now. But if you're willing to remain patient, you can lock in today's discounted valuation and wait in the wings for growth rates to reemerge. This is a classic strategy for making huge profits. By buying growth stocks before the market realizes how much growth will occur in the long term, you can benefit from both sides of the coin: a low valuation plus high underlying growth rates. As we'll see, Rivian's growth rates are about to spike. But not within the next 12 months -- the typical time frame for Wall Street growth estimates. Rivian's growth will likely occur over the next 12 to 36 months, giving patient investors a chance to jump in early at today's bargain valuation. In 2006, Tesla laid out its master plan for growth. It involved three phases: Build a sports car, use that money to build an affordable car, and use that money to build an even more affordable car. And that's exactly what Tesla did. It built a sports car, the Tesla Roadster. Then it built more affordable cars like the Model X and Model S. And then it built even more affordable cars like the Model Y and Model 3. Today, the Model 3 and Model Y account for the vast majority of Tesla's sales. Rivian is about to follow a very similar growth trajectory. In 2021, the company began deliveries of its first vehicle: the R1T. One year later, it began shipping the R1S. Both vehicles drew high reviews from buyers, but they failed to reach the masses due to their high price tags. Depending on options, both vehicles could be equipped with price tags above $100,000. That will all change next year when the company begins selling its new "mass market" offerings -- vehicles with starting price tags below $50,000 that are affordable to millions of new buyers. This is the critical threshold that put Tesla's growth on overdrive, and Rivian should begin this new phase of growth starting sometime in 2026. The company has three mass-market vehicles on deck, not all of which will hit the market in 2026. Some, like the R3X, may wait until 2027 for deliveries to begin. That puts Rivian's renewed growth path sometime between the next 12 to 36 months. By buying well before this growth takes off, investors secure a very attractive valuation, creating the opportunity for massive growth over the long term. A decade from now, I wouldn't be surprised to see Rivian's vehicle sales rival Tesla's. At the same time, due to Tesla's diversified investments in other fields like energy storage and robo-taxis, don't expect Rivian's total valuation to exceed Tesla's anytime soon. Before you buy stock in Rivian Automotive, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the for investors to buy now… and Rivian Automotive wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $635,275!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $826,385!* Now, it's worth noting Stock Advisor's total average return is 967% — a market-crushing outperformance compared to 171% for the S&P 500. Don't miss out on the latest top 10 list, available when you join . See the 10 stocks » *Stock Advisor returns as of May 12, 2025 Ryan Vanzo 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. Could Rivian Stock Help You Become a Millionaire? was originally published by The Motley Fool
Miami Herald
30-04-2025
- Automotive
- Miami Herald
Congress proposes shocking new fee on EVs
Ever since the EV revolution started to take hold in the early 2000s, consumers began to see new possibilities in the way they thought about transportation. While both Nissan and Chevrolet made early pushes into the space with the Leaf and the Volt, the biggest chunk of EV adopters were likely driven by Tesla CEO Elon Musk. His Tesla Roadster, originally launched in 2008, drummed up major interest in the technology. At that time, Musk himself was also enjoying a blossoming reputation as a personality willing to bring big ideas to life, and surely his charisma played a key role in promoting a vision of a gasoline-free world. Don't miss the move: Subscribe to TheStreet's free daily newsletter As the EV market has developed and more major automakers have begun to manufacture them, however, new problems have cropped up for EV owners. One of them is President Trump's administration, which has clearly signaled that it's considered eliminating or reducing EV tax incentives, as well as the funding going into building a charging infrastructure. While some reports claim that EV interest is dwindling, 1.3 million EVs were still sold in the United States in 2024, per a Kelley Blue Book report. That's also a 7.3% increase from 2023, which indicates that consumers still want to purchase these cars. Related: Car buyers rejoice - you just got great news about tariffs But now a new proposed tax reform bill has been introduced that would force EV owners to spend more annually just to own an EV, and it just might be the thing to push already-frustrated consumers over the edge. The new proposal, which comes from head of the House Transportation and Infrastructure Committee Representative Sam Graves, would introduce an annual fee for all electric vehicle owners of $250 a year. The bill also proposes a $100 fee on hybrids. This proposal replaces a previous one that suggested a $20 federal annual registration fee on all vehicles to fund road repairs, which would go into effect in 2031. Related: Uber CEO makes a scary prediction for the future of driving Due to the proposed change in the fee structure, the committee has reduced its proposed funding reserved for air traffic control infrastructure. Previously set at $15 billion, it's now been reduced to $12.5 billion. The committee will review the proposal on Wednesday, April 30. Five years ago, owning an electric vehicle had a few great perks. Along with using less or no gasoline at all, an EV tax credit was offered for many EV owners up to $7,500 for new vehicles, and up to $4,000 for used models. However, President Trump has made it clear from early in his second term that he wants to take away a lot of the perks of being an EV owner. On Feb. 14, his administration moved to revoke a waiver that allowed more than a dozen states to require car companies to sell a certain number of EVs per year. Another issue under fire is a "reconsideration" of tailpipe emission regulations, which have previously given automakers another reason to make more EVs. Last week, Tesla reported its biggest-ever plunge in revenue with a 71% drop in net income, leading CEO Elon Musk to say he would step away from his duties with DOGE for President Trump's administration and refocus on Tesla. But some believe the damage is already done. Musk's increasingly bold stance and identification with the Right have turned off a lot of people who owned Teslas, causing a mass exodus as many clamor to sell their vehicles. Tack on the possibility of these new fees becoming a reality, and we may see people more than happy to simply pull back up to the gas pumps. Related: Elon Musk takes aim at Uber, Lyft with his latest big promise The Arena Media Brands, LLC THESTREET is a registered trademark of TheStreet, Inc.
News18
27-04-2025
- Automotive
- News18
Tesla's Full Self-Driving Feature Takes Unexpected Detour To The Gym In Hilarious Experiment
Last Updated: From boarding the car to being dropped off at a local gym, the couple documented the entire experience in a video and dropped it on Instagram. Self-driving cars have gained much popularity around the world over the last few years, with Elon Musk's Tesla being a prominent name in the industry. Autopilot is a standard feature available in every Tesla model. For enhanced experience, customers are required to purchase or subscribe to Full Self-Driving (FSD), which enables semi-autonomous navigation, responsive to traffic lights and signals, lane change assistance and self-parking. To test the technology, a Tesla owner recently did a lighthearted experiment, and the result was not what he might have expected. Using the FSD feature, the man from the US, Zach Jenkins, instructed his Tesla to pick a random location for a fun ride. While he was expecting an unusual place, the automatic navigation system took him to the gym. The unexpected detour left Jenkins and his wife in stitches. From boarding the car to being dropped off at a local gym, the couple documented the entire experience in a video and dropped it on Instagram. 'This car thinks it's funny," Jenkins wrote in the caption of the reel. His post caught the attention of many social media buffs and Tesla fans alike, as the comment section was filled with laughing emojis. One of the viewers quipped, 'I thought the car would take him to the graveyard." 'I thought heaven," added another. One user sarcastically said, 'I guessed the car would be sassy, but I expected it to be a church." 'This is the funniest thing on the internet," admitted an individual. 'The Tesla might have tried to play you," said a user. The video has garnered 31 million views and 1.8 million likes since being dropped on Instagram. Despite its name, FSD seems not to be fully autonomous. It demands driver supervision and is classified as SAE Level 2 automation. Tesla's approach relies on a camera-based neural network, making it stand out from competitors like Waymo that utilise lidar and detailed 3d maps. The system gets frequent updates via over-the-air software releases, enhancing its power and capabilities over time. Tesla Motors was founded by Martin Eberhard and Marc Tarpenning in 2023, with Elon Musk being one of their early investors. He took over the leadership role in 2008. In the same year, the company launched its first car, the Tesla Roadster. First Published:
Time of India
23-04-2025
- Automotive
- Time of India
Markets beat Musk
Times of India's Edit Page team comprises senior journalists with wide-ranging interests who debate and opine on the news and issues of the day. Profit crash forces world's richest man to think whether he must leave Trump to save Tesla In 2018, Elon Musk launched his personal Tesla Roadster into space with a mannequin named Starman in the driver's seat, and a 'Don't Panic' sign on the dash. He could have used that sign now when things aren't going to plan. Tesla's Q1 sales are down 13%, and net income 71%. Used Teslas are 10.1% cheaper than last year, although used cars overall are 1% dearer. Meanwhile, sales of Tesla's biggest rival, BYD, have grown 60% in the same period. Tesla's stock is down to $238 from $480 in mid-Dec, and Musk has seen his own net worth dip below $300bn briefly, from $400bn-plus last Dec. Something has surely hit the ceiling for Musk to announce he'll take a back seat at DOGE, where he's been slashing and burning entire federal departments to cut govt spending. 'Starting next month, May, my time allocation to DOGE will drop significantly,' he said on Tuesday. US law allows 'special govt employees' like Musk to work 130 days in a year, so his term doesn't end until late May. He's clearly retreating to save Tesla. By endorsing Trump and MAGA, Musk has alienated environmentally conscious, liberal-minded Americans, who typically buy Teslas. In Europe also, he's riled prospective buyers by backing far-right candidates. Tariffs have meanwhile made his pricier Model S and Model X cars unsaleable in China. While BYD has announced lightning-fast charging and a new luxury car over the past few weeks, Musk, in his own words, has been 'stretched pretty thin. I have like 17 jobs.' Hence, the reboot. With $20bn worth of govt contracts, Musk can't go back to describing Trump as 'not the right guy…doesn't seem to have the sort of character that reflects well on the United States', but he'll have to change course for Tesla's sake. Facebook Twitter Linkedin Email This piece appeared as an editorial opinion in the print edition of The Times of India.
Forbes
18-04-2025
- Business
- Forbes
Elon Musk Has Made Many People Rich. Not His Ex-Wives
Long before he became a household name–and before he began fathering multiple children with several single women–Elon Musk was a married man. His first marriage, to Canada-born novelist Justine Wilson Musk, lasted eight years, from 2000 to 2008. During that time, Justine bore him six children, the first of whom died tragically as an infant, followed by twins and triplets. But while Elon is now the wealthiest person in the world, Justine is merely a millionaire–worth some $15 million, Forbes estimates, or about 1/24,000th of Elon's current $364 billion fortune. In many ways, his handling of Justine gave Elon a template for how to treat all the mothers (at least four so far) of his much desired 'legion' of children—now counting 14 known kids. Musk offered Ashley St. Clair, the mother of one of his children, $15 million and $100,000 a month in exchange for her silence about the child, whom they named Romulus—and quickly pulled back the offer after St. Clair went public about Musk being the father, the Wall Street Journal reported earlier this week. While Elon has recently taken to X to proposition women to have his children, according to the Journal, he met his first wife an old fashioned way: at Queen's University in Ontario, Canada, when both were students there until Musk transferred to the University of Pennsylvania's Wharton school to finish his degree. They picked up dating again in the mid 1990s, when Justine moved to Silicon Valley and lived with Elon in an apartment they shared with roommates, while he was busy building software firm Zip2, which he founded in 1995 with his brother Kimbal and a friend, Greg Kouri. In 1999, Elon and his cofounders sold Zip2 to Compaq for a reported $300 million, with Elon pocketing an estimated $20 million. He bought an 1,800-square-foot condo in Palo Alto and dropped $1 million on a McLaren F1 sports car, which CNN filmed being delivered to Elon's home in 1999 with Justine at his side. 'It's a million dollars for a car. It's decadent,' Justine told CNN at the time. 'My fear is that we become spoiled brats, that we lose a sense of appreciation and perspective.' (Musk later totaled the car.) Elon and Justine married the following year, and by 2002 had moved to Los Angeles, where he founded SpaceX. Two years later he invested in Tesla and joined the board. In just four years between 2002 and 2006, Justine gave birth to six boys. She also pursued her passion for creative writing, publishing three fiction books between 2005 and 2008. Elon asked for a divorce in the late spring of 2008, just months before he became CEO of Tesla (and four years before his 2012 debut on Forbes' list of the World's Billionaires, with a $2 billion net worth)—and six weeks before he got engaged to his next wife. During the divorce proceedings, Justine wrote, she asked Elon for their house, child support, 10% of his Tesla shares, 5% of his SpaceX shares, $6 million and a glacier-blue Tesla Roadster. Had she gotten all that, she'd be worth $17.3 billion today, Forbes figures, enough to make her the planet's 113th-richest person. It's a stark contrast to how two other superwealthy divorces went down: Jeff Bezos gave his ex MacKenzie Scott one quarter of his then 16% stake in e-commerce giant Amazon in their 2019 divorce, worth $36 billion at the time; Bill Gates' 2021 divorce settlement with Melinda French Gates wasn't made public, but Forbes estimates she got $25 billion of his then $124 billion estimated fortune. Instead, according to Elon, he offered Justine a settlement of $80 million before taxes, which she turned down, preferring the Tesla shares and a SpaceX stake, a smart move given that both were in their relative infancy. She got neither and ended up with a lot less than his original offer. The main reason: She signed a post-nuptial agreement in March 2000. Amid the divorce proceedings in 2010, she wrote in Marie Claire about signing it, 'I trusted my husband — why else had I married him? — and I told myself it didn't matter. We were soul mates. We would never get divorced.' Only later did it become clear to her what was in the agreement. 'I had effectively signed away all my rights as a married person, including any claim to community property except our house, which was to be vested in my name once we had a child.' Justine took Elon to court in 2008, contesting the validity of the post-nup agreement because Elon hadn't disclosed the pending merger between his payments firm (not to be confused with his social media platform X) and another payments firm, Confinity. After that merger, the company renamed itself PayPal and sold two years later to eBay for $1.5 billion in stock; Musk's estimated take was at least $100 million. The lawsuit dragged on for two years, cost Elon at least $4 million in legal bills and ended with the judge ruling in favor of Elon. After all that, according to Elon, Justine got $20 million after taxes–half of which was the value of their home in Bel Air, and half to be paid out in monthly installments of $20,000 for clothing, shoes and discretionary items, plus payments to cover 'all of her household expenses and anything related to the children,' Elon wrote. (No word on the Roadster.) But she didn't get $10 million out of the house. Property records show Justine sold the 6,500-square-foot mansion in April 2011 for $6.5 million. A month later, she bought a 4,900-square-foot home in Los Angeles for $4.3 million. That house is now worth over $8 million. Meanwhile, the nearly $2 million cash she got from the Bel Air house sale could be worth upwards of $6.5 million today had she invested most of it in the stock market. Neither Justine nor a spokesperson for Elon responded to Forbes' requests for comment. Shortly after filing for divorce from Justine, Musk met British actress Talulah Riley. It didn't take long for them to fall for each other. 'It all happened very fast. We were engaged within two weeks of knowing each other,' Riley said in 2018 during a 60 Minutes story on Musk. 'I was 22. He was very charming and definitely the most interesting and eccentric person.' Musk was married to Riley twice: from 2010 to 2012, then again from 2013 to 2016. The pair did not have any children, but she reportedly still got a similar sum to Justine from the two divorces combined. In 2022 Riley called Musk 'the perfect ex-husband" and 'a great friend.' He hasn't married again, but was in a long-term relationship with singer Grimes, with whom he has three children, and has been spending time with Neuralink executive Shivon Zilis, with whom he has four children–part of his plan to repopulate the planet. According to the Journal, Zilis lives at a gated compound in Texas where Musk intended all his progeny and their mothers to reside. Justine Musk has kept a relatively low profile since her divorce. She published one short story in 2016, and she did have a blog for a while. It's safe to say she is not on board with her ex when it comes to Donald Trump. 'Electing a man for President of the United States even though he has an admitted history of sexually harassing women and has been found guilty of sexual assault and defamation in a court of law, seems the very definition of rape culture. Just saying,' she tweeted in January 2024. 'There is always something deeply ironic about a powerful white man complaining about being the object of a witch hunt,' she posted a day later. Justine has not tweeted for over a year. Presumably, Justine is not thrilled by Elon's treatment of Vivian Jenna Wilson, one of the twins, who is now a transgender woman, and whom Elon has publicly ridiculed along with the trans community as a whole. 'She is very supportive of my transition,' Vivian said about her mother in a March interview with Teen Vogue. 'When I came out to her, she pretended to be slightly surprised for 30 seconds and then was like, 'Yeah, honey. Okay.'' Her dad? 'He was not as supportive as my mom.' Wilson, age 20, told the magazine she's been financially independent from her father since she came out as trans in 2020. As for her legion of siblings, Vivian quipped: 'I will say I do not actually know how many siblings I have, if you include half-siblings. That's just a fun fact. It's really good for two truths and a lie. I found out about the Shivon Zilis thing the same time everyone else did. I had no idea before that.' There's a good chance even more Musk children are out there, or else certainly more on the way.
