Tesla shares hit an all-time high. Several analysts raised price targets.
Tesla (TSLA 5.93%) stock has emerged as a big winner in 2024. First, the stock soared after its Q3 earnings report release on Oct. 2, posting stronger profit growth than expected, as well as solid revenue growth.
Despite spending most of 2024 trading in the red, Tesla (TSLA 5.93%) stock is now sitting on a year-to-date return of 56%. Most of that gain came after Trump won reelection on Nov. 5, as Elon Musk's cash and influence were a big part of getting his campaign over the line.
Waymo is rapidly expanding its services and showing its ability to create a winner-takes-all platform in the autonomous industry. A recent blog announcement of expansion of Waymo service to Miami sent Uber and Lyft stock down by 10% which shows the impact Waymo is having on competitors. Tesla's lofty ambitions for launching autonomous service in 2025 will likely face massive challenges as the company is significantly behind Waymo in terms of human interventions needed.
Tesla (TSLA) shares soared to a new all-time high Wednesday as the stock gained ground for the sixth straight day, extending a huge post-election rally.
Explore the exciting world of Tesla (TSLA 5.93%) with our expert analysts in this Motley Fool Scoreboard episode. Check out the video below to gain valuable insights into market trends and potential investment opportunities!
Tesla (TSLA) shares soared nearly 6% to close at an all-time high of $424.77 Wednesday, marking the stock's first record close in three years after six straight days of gains.
Tesla Inc TSLA is the top stock pick in the automotive sector for 2025, Morgan Stanley analysts led by Adam Jonas said in a note covering electric vehicles (EVs).
As expected, CPI wasn't hot enough to derail big-tech momentum. Bonds bear watching as the post-election trade stalls out, but winners like Tesla (TSLA) and Alphabet (GOOGL) are more reliable for the S&P 500 (SPX), says Oliver Renick.
Tesla (TSLA) shares soared nearly 6% to close at a record $424.77 Wednesday, in the sixth straight day of gains for the electric vehicle maker's stock.
Elon Musk added more than $10 billion to his net worth Wednesday as Tesla's shares rose to a new high amid a broader surge for tech stocks, as analysts have held optimism for the automaker in the weeks since the election.
Elon Musk has cemented his place in history as the first individual to surpass a net worth of $400 billion, according to the Bloomberg Billionaires Index. The milestone reflects a significant surge in the valuations of his flagship companies, Tesla Inc (NASDAQ:TSLA).