Is Tesla Stock A Buy Or A Sell After Latest Price Target Hike During 70% 'Trump Bump'?

Autor: NORTON, KIT (AUTHOR)
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Zdroj: Investors Business Daily. 12/19/2024, pN.PAG-N.PAG. 1p.
Abstrakt: Tesla stock has seen a significant increase of 75% since Donald Trump's election win, with analysts raising price targets and predicting a $2 trillion market cap by 2025. Despite some fluctuations, Tesla stock remains above key moving averages and is expected to see slight growth in vehicle deliveries in 2024. The company's focus on autonomous driving technology and the potential release of an affordable vehicle are key factors influencing investor sentiment. Analysts are divided on the impact of Trump's presidency on the electric vehicle industry, but many see it as positive for Tesla. The company's recent earnings report showed unexpected growth, with plans for new vehicles and autonomous driving technology on track for the future. The relationship between Elon Musk and Trump is seen as a strategic alliance that could benefit Tesla's long-term goals. [Extracted from the article]
Databáze: Regional Business News
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