Latest news with #WaroftheWorlds
New York Post
7 days ago
- Entertainment
- New York Post
Ominous Hulk Hogan health reports started a month before his death at 71
Hulk Hogan was at the center of rumors that his health was declining just a few weeks before the news of his death on Thursday. The WWE legend, 71, was taken by ambulance from his home in Clearwater, Fla., early Thursday, with a 911 call citing 'cardiac arrest,' according to TMZ, which reported Hogan was pronounced dead at the hospital. Clearwater Police Maj. Nate Burnside said Hogan died at 11:17 a.m. and there were 'no signs of foul play or suspicious activity.' Advertisement 3 Hulk Hogan at the premiere of the film 'War of the Worlds,' at the Zigfield Theatre in New York, June 23, 2005. REUTERS Fans started speculating about Hogan's health around mid-June, when Bubba the Love Sponge, host of his titular Tampa-based radio show who had the wrestler as his best man for his 2007 wedding, reported that Hogan was hospitalized and wasn't doing well. 'Allegedly Hogan is in the hospital and I've heard people say that he might not make it,' Bubba said, adding that he had a 'pretty damn reliable' source on the matter. Advertisement At the time, a rep for Hogan told TMZ the WWE Hall of Famer isn't close to death — with the outlet writing, 'He's just dealing with more of the same ailments he's had for years. In fact, we're told Hogan's back to moving around already.' A month prior, Hogan underwent a neck surgery, which his rep described as a 'little fusion procedure' in May. Fellow WWE Hall of Famer Eric Bischoff also denied Bubba's report. Advertisement Bischoff and Hogan's new promotion, Real American Freestyle Wrestling, announced Monday that its first live event, taking place in Cleveland on August 30, will air on FOX Nation. On July 22, WWE Hall of Famer Jimmy Hart tweeted that 'Hulk is doing great, doing phenomenal!' He added, 'Last night at karaoke with Nick was absolutely fantastic, baby!!!' seemingly referring to Hogan's son, Nick. Bubba has been reporting on Hogan throughout July, claiming the wrestler's condition was getting worse. Advertisement 3 Hulk Hogan and Sky Daily married in 2023. Instagram/Sky Daily On July 9, Bubba doubled down on his report and claimed Hogan was in the ICU for nearly six weeks. 'I don't know if we'll ever see Hogan again,' Bubba said. At the time, Bubba claimed Hogan was 'confused' and 'not in any condition to be in the public eye.' In an Instagram post shared July 1, Bubba wrote, 'Sources say Hogan remains hospitalized with growing concerns about possible brain damage caused by prolonged breathing issues. 'At one point, he was reportedly on a ventilator. While we can't confirm if he still is, insiders say his lung function is so weak that carbon dioxide buildup may have caused serious mental fog — or worse. 'What started with neck and heart complications has now possibly evolved into a pulmonary-brain crisis.' 3 Hulk Hogan wrestling in 1998. MediaPunch/Shutterstock Advertisement On July 11, Hogan's wife, yoga instructor Sky Daily, denied rumors that the WWE Hall of Famer was in a coma and had brain damage, stating that 'his heart is strong' and he was recovering from a recent neck surgery. 'No, he's definitely not in a coma! His heart is strong, and there was never any lack of oxygen or brain damage… none of those rumors are true,' Sky wrote. 'He's been recovering from a major four-level Anterior Cervical Discectomy and Fusion (ACDF), which is an intense surgery with a long and layered healing process. If you look it up, you'll see what the last six weeks have involved… not just for his spine, but also for his vocal cords, and the eating/breathing tubes that are clamped over during surgery. 'We've been in and out of the hospital to support that recovery. So truly, there's no need for the drama or panic some people try to stir up. He's healing, and we're taking it one day at a time with love, strength, and patience.' Hogan married Sky, who is 25 years his junior, in September 2023, two months after announcing their engagement.
Hindustan Times
7 days ago
- Entertainment
- Hindustan Times
Hulk Hogan cause of death: Amid questions about neck surgery, new ‘brain dead' claim surfaces
Wrestling legend Hulk Hogan, aged 71, passed away on Thursday, the WWE confirmed in a statement. TMZ Sports cited sources to report that 911 operators received a call for 'cardiac arrest' in the morning. Hogan was found dead in his Clearwater, Florida home. Now, questions about his neck surgery in May have surfaced, with one viral 'brain dead' claim doing the rounds on social media. Officials, however, are yet to provide a cause of death. Wrestler and body builder Hulk Hogan poses for photographers after arriving for the US premiere of the film "War of the Worlds,"(REUTERS) Hogan's sudden death has reignited scrutiny over his recent health struggles, particularly a neck surgery in May. Read More: Hulk Hogan cause of death: How did the wrestling legend die? All on his health issues Neck surgery and deathbed claims Hulk Hogan was hospitalized earlier this year amid ongoing neck and back issues. The surgery sparked 'deathbed' speculation. However, the 71-year-old's representative confirmed to E! News on June 18 that there were 'no reasons to panic'. The rep said Hogan had problems with his back for years and underwent neck surgery. "The procedure has indeed been successful.' Deathbed rumors first took off after YouTuber Bubba The Love Sponge claimed that the WWE legend was 'in the hospital' and 'might not make it'. Hogan's wife, Sky Daily, also denied such rumors, saying his heart was 'strong' and he was recovering from the neck surgery. Hulk Hogan had a history of over 25 surgeries, including back and knee replacements. Read More: Hulk Hogan net worth: A look at WWE star's fortune after tragic death at 71 'Brain dead' claim emerges Adding a layer of intrigue, social media posts on X have surfaced alleging Hogan was 'brain dead' after the May surgery. One person posted a video of a man claiming that there was 'something wrong' with Hogan's heart and brain. 'According to this man, Hulk Hogan went in for surgery and came out brain d¢ad. Now, just days later, TMZ confirms: Hulk Hogan is DEAD at 71,' they said on X, platform formerly known as Twitter. 'Terry Gene Bollea Aka Hulk Hogan Went For A Surgery And Came Out Brain 🧠 Dead 😢 And After a small Time Frame Cardiac Arrest has claimed His life ⛓️💥💔,' another person tweeted. At the time of writing this story, no confirmed cause of death has been reported. Officials are yet to comment on whether the surgery was linked to Hulk Hogan's death.
Business Insider
23-07-2025
- Automotive
- Business Insider
Tesla earnings report live updates: EV maker reports steepest revenue drop in a decade, stock swings after hours
The electric vehicle maker reported second quarter revenue of $22.5 billion, compared to expectations of $22.64 billion. The quarter marks Tesla's sharpest year-over-year decline in quarterly revenue in at least the last 10 years, with the slowdown adding to the troubles the company has already faced in 2025. Adjusted earnings per share, a key measure of profitability, were 40 cents compared to Wall Street's estimates of 42 cents. Investors had an inkling of the challenges the latest earnings would reveal. Tesla already reported deliveries for the second quarter on July 2, missing analysts' expectations. The company delivered 384,000 cars compared to estimates of 389,400 vehicles delivered. The stock has been on a roller coaster ride in 2025. Sagging sales figures, Elon Musk's political activities, and public feuding with President Donald Trump have dented investor confidence, even as many on Wall Street are bullish about the company's longer-term prospects. Heading into the 5:30 p.m. ET analyst call, investors will be listening closely for key business updates on initiatives including robotaxis, full self-driving, and AI. Tesla stock is down about 18% through Wednesday's close. Tesla's latest launch was actually a diner?Two Business Insider reporters visited the new Tesla Diner in Los Angeles within 24 hours of its grand opening this week. The retro-futuristic atmosphere is complete with rounded architecture, eye-catching neon lighting, 45-foot drive-in screens playing Sci-Fi classics like "Star Trek" and "War of the Worlds," and servers darting around on roller chef Eric Greenspan controls the 24-hour diner's menu offerings, which are reimagined takes on classics including burgers, hot dogs, breakfast tacos, and chicken and waffles. Opening day was bustling and busy, with the kitchen at times overwhelmed by wave upon wave of guests — typical for a grand opening — but minor hiccups in service were easily overcome and both reporters left feeling the diner was worth a second it remains to be seen how long the novelty of the Tesla Diner will linger at the West Hollywood location, Musk has said this is just the first of many souped-up Supercharger stations to come, announcing on Monday that he's planning to build a second drive-in near SpaceX's Starbase spaceport in Texas.— Katherine Tangalakis-Lippert As Tesla continues its pilot launch of the robotaxi service in Austin, investors and analysts will be paying attention to a few key data Munster, managing partner at Deepwater Asset Management and Tesla investor, said in an analysis published Tuesday that the rate of the Robotaxi's expansion will be more important than the "absolute fleet size of geofence size."Investors appear to agree, as one of the top questions on Tesla's online Q&A forum asks about the rate the company expects to increase Asumendi, JP Morgan's head of the European Automotive Research team, told Business Insider that Robotaxi's long-term progression will be determined by the number of cities the service has been deployed, number of accidents and disengagements per kilometer, and the technology's acceptance by the public.-Lloyd Lee Tesla stock could be heading toward an inflection point, if Musk continues to lead Tesla full-time and stay on top of its most important projects, analysts at Wedbush Securities a note on Tuesday, the firm said that the outlook for Tesla looked "dramatically different" now compared to three months ago, when Musk was still working closely with the Trump a previous note, Wedbush analysts expressed concerns over Musk's political intentions, calling his plan to create a new political party a "Soap Opera" that needed to end. The firm also outlined a list of actions Tesla's board needed to take to move the company forward, which included drafting a new pay package for Musk and setting guidelines for Musk's political plans."We are at a 'positive crossroads' in the Tesla story," the analysts reiterated its "Outperform" rating and the stock and $500 price target, implying about 49% upside from current levels. Tesla is in a difficult spot ahead of earnings, Federico Merendi, an analyst at Bank of America, wrote on Monday."Tesla 2Q earnings are likely to be challenged due to tariffs and disappointing deliveries," Merendi wrote, adding that Tesla sourced its batteries from China and that its exposure to tariffs was "not insignificant."The bank reiterated its "Neutral" rating on the stock and raised its price target to $341 a share, up from the prior estimate of $305. Its new price target implies about 3% upside from the current levels. Musk's promise to create a new political party could be a short-term headwind for Tesla stock, analysts at Morgan Stanley wrote in a note, calling the situation a "party crasher."The bank pointed to the immediate drop in Tesla stock after Musk officially announced his plan to form the "America Party" in a post on X earlier this month, which sent shares tumbling around 7%."While the situation remains fluid, we believe investors should be prepared for further devotion of resources (financial, time/attention) in the direction of Mr. Musk's political priorities which may add further near-term pressure to TSLA shares," analysts Tesla stock remains a "top pick" for the bank. Analysts reiterated their $410 price target on the stock, pointing to their growth forecasts for Tesla's auto business.
Business Insider
23-07-2025
- Automotive
- Business Insider
Tesla earnings report live updates: EV maker reports earnings that narrowly missed expectations
The Tesla Diner opened to fanfare in West Hollywood this week Tesla's latest launch was actually a … diner? Two Business Insider reporters visited the new Tesla Diner in Los Angeles within 24 hours of its grand opening this week. The retro-futuristic atmosphere is complete with rounded architecture, eye-catching neon lighting, 45-foot drive-in screens playing Sci-Fi classics like "Star Trek" and "War of the Worlds," and servers darting around on roller skates. Celebrity chef Eric Greenspan controls the 24-hour diner's menu offerings, which are reimagined takes on classics including burgers, hot dogs, breakfast tacos, and chicken and waffles. Opening day was bustling and busy, with the kitchen at times overwhelmed by wave upon wave of guests — typical for a grand opening — but minor hiccups in service were easily overcome and both reporters left feeling the diner was worth a second visit. While it remains to be seen how long the novelty of the Tesla Diner will linger at the West Hollywood location, Musk has said this is just the first of many souped-up Supercharger stations to come, announcing on Monday that he's planning to build a second drive-in near SpaceX's Starbase spaceport in Texas. Analysts and investors want key data points for Tesla's Robotaxis As Tesla continues its pilot launch of the robotaxi service in Austin, investors and analysts will be paying attention to a few key data points. Gene Munster, managing partner at Deepwater Asset Management and Tesla investor, said in an analysis published Tuesday that the rate of the Robotaxi's expansion will be more important than the "absolute fleet size of geofence size." Investors appear to agree, as one of the top questions on Tesla's online Q&A forum asks about the rate the company expects to increase operations. Jose Asumendi, JP Morgan's head of the European Automotive Research team, told Business Insider that Robotaxi's long-term progression will be determined by the number of cities the service has been deployed, number of accidents and disengagements per kilometer, and the technology's acceptance by the public. - Lloyd Lee The robotaxi launch will likely be a hot topic Tesla launched its highly anticipated robotaxi service at the end of June in Austin. The autonomous ride-hailing service is still in its early stages, and only a select group of people have the opportunity to try the service. Currently, the service operates with a limited number of self-driving Model Ys and a safety operator in every ride. In its last earnings call, Tesla said it would scale up the service "rapidly" after the launch. Investors will likely be listening for an update on future plans to expand the service. Musk said the plan was to be in many cities by the end of the year and predicted there would be "millions of Teslas operating fully autonomously in the second half of next year." — Ana Altchek William Blair: Eyeing headwinds from Trump's Big Beautiful Bill Tesla could see further downside, partly thanks to policy changes in the Republican tax and spending bill, analysts from William Blair wrote in a note this month. The firm pointed to the bill's ending of the EV tax credit, as well as the removal of corporate average fuel economy fines — fines for carmakers when their vehicles aren't energy efficient enough. Both changes are expected to impact Tesla's revenue, given that the company sold emissions credits to other carmakers that didn't meet energy efficiency standards. The firm downgraded Tesla to a rating of "Market Perform." Sales speed bump The road ahead looks even bumpier for Tesla. Analysts have warned that the company could face a major hit to its profits from the impact of Trump's One Big Beautiful Bill, which is set to eliminate the $7,500 tax credit for new US-made EVs. Ahead of the tax credit coming to an end on September 30, Tesla is piling on incentives and offers. A banner at the top of Tesla's US website urges customers to "take delivery now" ahead of the deadline, and the EV giant is offering 18 months of free supercharging and 0% financing on select models. Tesla is also allowing owners of its Full Self-Driving system to transfer the software to a new vehicle for free for a limited time. Like many of its rivals, Tesla is attempting to boost sales of its EVs before the $7,500 discount goes away. Analyst Gene Munster wrote in a Tuesday note that he expects the policy change to impact around 20% of Tesla's global deliveries, adding that he expects the company's sales to be better than expected next quarter as buyers rush to take advantage of the tax credit before it vanishes for good. Wedbush Securities: Stock could be at a 'positive crossroads" Tesla stock could be heading toward an inflection point, if Musk continues to lead Tesla full-time and stay on top of its most important projects, analysts at Wedbush Securities said. In a note on Tuesday, the firm said that the outlook for Tesla looked "dramatically different" now compared to three months ago, when Musk was still working closely with the Trump administration. In a previous note, Wedbush analysts expressed concerns over Musk's political intentions, calling his plan to create a new political party a "Soap Opera" that needed to end. The firm also outlined a list of actions Tesla's board needed to take to move the company forward, which included drafting a new pay package for Musk and setting guidelines for Musk's political plans. "We are at a 'positive crossroads' in the Tesla story," the analysts said. Wedbush reiterated its "Outperform" rating and the stock and $500 price target, implying about 49% upside from current levels. Investors push for new models Even as Tesla has finally launched its robotaxi service in Austin, sales of its regular electric cars have been lacklustre. Tesla deliveries fell 13.5% in the last quarter compared to the previous year, with the automaker seeing a similar fall in Q1. Tesla's stock is also down over 18% so far this year amid customer blowback over Musk's politics and growing competition from Chinese EV companies like BYD and Xpeng. The automaker said it would begin production of new, more affordable models in the first half of 2025 to help grow sales, but that deadline came and went with no acknowledgment from Tesla. Shareholders are keen to get answers about the new models in Tesla's Q2 analysts call. A forum for retailer investors to submit questions for the call with Musk and other executives includes several submissions asking for more details about the mysterious affordable EVs. "Can you provide an update on the development and production timeline for Tesla's more affordable models? How will these models balance cost reduction with profitability, and what impact do you expect on demand in the current economic climate?" wrote one shareholder in a post that received nearly 3,000 votes on the platform. Bank of America: Q2 earnings are challenged Tesla is in a difficult spot ahead of earnings, Federico Merendi, an analyst at Bank of America, wrote on Monday. "Tesla 2Q earnings are likely to be challenged due to tariffs and disappointing deliveries," Merendi wrote, adding that Tesla sourced its batteries from China and that its exposure to tariffs was "not insignificant." The bank reiterated its "Neutral" rating on the stock and raised its price target to $341 a share, up from the prior estimate of $305. Its new price target implies about 3% upside from the current levels. A rocky year It's never boring at Tesla, and this year has been no exception. The EV giant has battled backlash over CEO Elon Musk's forays into politics and faced investor discontent over the amount of time the billionaire is spending on other projects. Shareholders and analysts have been somewhat mollified by Musk's return to Tesla, with the world's richest man saying he's back "working 7 days a week at Tesla and sleeping in the office." "Now investors are seeing more of a 'wartime CEO' as Elon is laser-focused on the Robotaxi expansion in Austin with more cities soon on the docket for this key autonomous initiative," wrote Wedbush Securities analyst and Tesla bull Dan Ives in a note on Monday. Ives, who was previously told to "shut up" by Musk after calling for Tesla's board to exercise more oversight over their CEO's political activities, said that he expected sales to rebound as demand for Tesla's refreshed Model Y grows, especially in China. He also flagged the broadly successful robotaxi launch and the upcoming shareholder vote on a possible investment in Musk's artificial intelligence startup xAI as evidence that Tesla is getting its groove back. Morgan Stanley: Elon Musk's politics could be a headwind Musk's promise to create a new political party could be a short-term headwind for Tesla stock, analysts at Morgan Stanley wrote in a note, calling the situation a "party crasher." The bank pointed to the immediate drop in Tesla stock after Musk officially announced his plan to form the " America Party" in a post on X earlier this month, which sent shares tumbling around 7%. "While the situation remains fluid, we believe investors should be prepared for further devotion of resources (financial, time/attention) in the direction of Mr. Musk's political priorities which may add further near-term pressure to TSLA shares," analysts wrote. Still, Tesla stock remains a "top pick" for the bank. Analysts reiterated their $410 price target on the stock, pointing to their growth forecasts for Tesla's auto business. Tesla earnings expectations: Analysts estimate $22.6 billion of revenue for the 2nd quarter Second quarter Adjusted EPS estimate: 42c EPS estimate: 32c Revenue estimate: $22.64 billion Gross margin estimate: 16.5% Operating income estimate: $1.23 billion Free cash flow estimate: $760 million Capital expenditure estimate: $2.43 billion Full year Production estimate: 1.65 million Deliveries estimate: 1.65 million Capital expenditure estimate: $10.14 billion
Business Insider
23-07-2025
- Automotive
- Business Insider
Tesla earnings updates: EV maker misses Wall Street's estimates as revenue drops 12%
The Tesla Diner opened to fanfare in West Hollywood this week Tesla's latest launch was actually a … diner? Two Business Insider reporters visited the new Tesla Diner in Los Angeles within 24 hours of its grand opening this week. The retro-futuristic atmosphere is complete with rounded architecture, eye-catching neon lighting, 45-foot drive-in screens playing Sci-Fi classics like "Star Trek" and "War of the Worlds," and servers darting around on roller skates. Celebrity chef Eric Greenspan controls the 24-hour diner's menu offerings, which are reimagined takes on classics including burgers, hot dogs, breakfast tacos, and chicken and waffles. Opening day was bustling and busy, with the kitchen at times overwhelmed by wave upon wave of guests — typical for a grand opening — but minor hiccups in service were easily overcome and both reporters left feeling the diner was worth a second visit. While it remains to be seen how long the novelty of the Tesla Diner will linger at the West Hollywood location, Musk has said this is just the first of many souped-up Supercharger stations to come, announcing on Monday that he's planning to build a second drive-in near SpaceX's Starbase spaceport in Texas. Analysts and investors want key data points for Tesla's Robotaxis As Tesla continues its pilot launch of the robotaxi service in Austin, investors and analysts will be paying attention to a few key data points. Gene Munster, managing partner at Deepwater Asset Management and Tesla investor, said in an analysis published Tuesday that the rate of the Robotaxi's expansion will be more important than the "absolute fleet size of geofence size." Investors appear to agree, as one of the top questions on Tesla's online Q&A forum asks about the rate the company expects to increase operations. Jose Asumendi, JP Morgan's head of the European Automotive Research team, told Business Insider that Robotaxi's long-term progression will be determined by the number of cities the service has been deployed, number of accidents and disengagements per kilometer, and the technology's acceptance by the public. - Lloyd Lee The robotaxi launch will likely be a hot topic Tesla launched its highly anticipated robotaxi service at the end of June in Austin. The autonomous ride-hailing service is still in its early stages, and only a select group of people have the opportunity to try the service. Currently, the service operates with a limited number of self-driving Model Ys and a safety operator in every ride. In its last earnings call, Tesla said it would scale up the service "rapidly" after the launch. Investors will likely be listening for an update on future plans to expand the service. Musk said the plan was to be in many cities by the end of the year and predicted there would be "millions of Teslas operating fully autonomously in the second half of next year." William Blair: Eyeing headwinds from Trump's Big Beautiful Bill Tesla could see further downside, partly thanks to policy changes in the Republican tax and spending bill, analysts from William Blair wrote in a note this month. The firm pointed to the bill's ending of the EV tax credit, as well as the removal of corporate average fuel economy fines — fines for carmakers when their vehicles aren't energy efficient enough. Both changes are expected to impact Tesla's revenue, given that the company sold emissions credits to other carmakers that didn't meet energy efficiency standards. The firm downgraded Tesla to a rating of "Market Perform." Sales speed bump The road ahead looks even bumpier for Tesla. Analysts have warned that the company could face a major hit to its profits from the impact of Trump's One Big Beautiful Bill, which is set to eliminate the $7,500 tax credit for new US-made EVs. Ahead of the tax credit coming to an end on September 30, Tesla is piling on incentives and offers. A banner at the top of Tesla's US website urges customers to "take delivery now" ahead of the deadline, and the EV giant is offering 18 months of free supercharging and 0% financing on select models. Tesla is also allowing owners of its Full Self-Driving system to transfer the software to a new vehicle for free for a limited time. Like many of its rivals, Tesla is attempting to boost sales of its EVs before the $7,500 discount goes away. Analyst Gene Munster wrote in a Tuesday note that he expects the policy change to impact around 20% of Tesla's global deliveries, adding that he expects the company's sales to be better than expected next quarter as buyers rush to take advantage of the tax credit before it vanishes for good. Wedbush Securities: Stock could be at a 'positive crossroads" Tesla stock could be heading toward an inflection point, if Musk continues to lead Tesla full-time and stay on top of its most important projects, analysts at Wedbush Securities said. In a note on Tuesday, the firm said that the outlook for Tesla looked "dramatically different" now compared to three months ago, when Musk was still working closely with the Trump administration. In a previous note, Wedbush analysts expressed concerns over Musk's political intentions, calling his plan to create a new political party a "Soap Opera" that needed to end. The firm also outlined a list of actions Tesla's board needed to take to move the company forward, which included drafting a new pay package for Musk and setting guidelines for Musk's political plans. "We are at a 'positive crossroads' in the Tesla story," the analysts said. Wedbush reiterated its "Outperform" rating and the stock and $500 price target, implying about 49% upside from current levels. Investors push for new models Even as Tesla has finally launched its robotaxi service in Austin, sales of its regular electric cars have been lacklustre. Tesla deliveries fell 13.5% in the last quarter compared to the previous year, with the automaker seeing a similar fall in Q1. Tesla's stock is also down over 18% so far this year amid customer blowback over Musk's politics and growing competition from Chinese EV companies like BYD and Xpeng. The automaker said it would begin production of new, more affordable models in the first half of 2025 to help grow sales, but that deadline came and went with no acknowledgment from Tesla. Shareholders are keen to get answers about the new models in Tesla's Q2 analysts call. A forum for retailer investors to submit questions for the call with Musk and other executives includes several submissions asking for more details about the mysterious affordable EVs. "Can you provide an update on the development and production timeline for Tesla's more affordable models? How will these models balance cost reduction with profitability, and what impact do you expect on demand in the current economic climate?" wrote one shareholder in a post that received nearly 3,000 votes on the platform. Bank of America: Q2 earnings are challenged Tesla is in a difficult spot ahead of earnings, Federico Merendi, an analyst at Bank of America, wrote on Monday. "Tesla 2Q earnings are likely to be challenged due to tariffs and disappointing deliveries," Merendi wrote, adding that Tesla sourced its batteries from China and that its exposure to tariffs was "not insignificant." The bank reiterated its "Neutral" rating on the stock and raised its price target to $341 a share, up from the prior estimate of $305. Its new price target implies about 3% upside from the current levels. A rocky year It's never boring at Tesla, and this year has been no exception. The EV giant has battled backlash over CEO Elon Musk's forays into politics and faced investor discontent over the amount of time the billionaire is spending on other projects. Shareholders and analysts have been somewhat mollified by Musk's return to Tesla, with the world's richest man saying he's back "working 7 days a week at Tesla and sleeping in the office." "Now investors are seeing more of a 'wartime CEO' as Elon is laser-focused on the Robotaxi expansion in Austin with more cities soon on the docket for this key autonomous initiative," wrote Wedbush Securities analyst and Tesla bull Dan Ives in a note on Monday. Ives, who was previously told to "shut up" by Musk after calling for Tesla's board to exercise more oversight over their CEO's political activities, said that he expected sales to rebound as demand for Tesla's refreshed Model Y grows, especially in China. He also flagged the broadly successful robotaxi launch and the upcoming shareholder vote on a possible investment in Musk's artificial intelligence startup xAI as evidence that Tesla is getting its groove back. Morgan Stanley: Elon Musk's politics could be a headwind Musk's promise to create a new political party could be a short-term headwind for Tesla stock, analysts at Morgan Stanley wrote in a note, calling the situation a "party crasher." The bank pointed to the immediate drop in Tesla stock after Musk officially announced his plan to form the " America Party" in a post on X earlier this month, which sent shares tumbling around 7%. "While the situation remains fluid, we believe investors should be prepared for further devotion of resources (financial, time/attention) in the direction of Mr. Musk's political priorities which may add further near-term pressure to TSLA shares," analysts wrote. Still, Tesla stock remains a "top pick" for the bank. Analysts reiterated their $410 price target on the stock, pointing to their growth forecasts for Tesla's auto business. Tesla earnings expectations: Analysts estimate $22.6 billion of revenue for the 2nd quarter Second quarter Adjusted EPS estimate: 42c EPS estimate: 32c Revenue estimate: $22.64 billion Gross margin estimate: 16.5% Operating income estimate: $1.23 billion Free cash flow estimate: $760 million Capital expenditure estimate: $2.43 billion Full year Production estimate: 1.65 million Deliveries estimate: 1.65 million Capital expenditure estimate: $10.14 billion
