Tesla regained $1T market cap BofA reiterates Buy rating and up TP to $350
1) Tesla achieved a market capitalization exceeding $1 trillion on Friday, following a modest uptick in its share price.
2) Deepwater Asset Management's Gene Munster pointed out that planned delivery rise in 2025 as well as Tesla's developments in autonomous driving technology could improve the company's foundations and maybe result in further stock price increase.
3) Bank of America earlier this week speculated that Tesla would benefit from the outcomes of the most recent U.S. election. As Tesla intends to launch more reasonably priced models, President-elect Trump's suggested relaxing of environmental rules may encourage other manufacturers to halt their manufacturing of electric vehicles, therefore enhancing Tesla's position in the American EV market.
4) Bank of America Securities analyst reiterated a Buy rating on Tesla ( – ) today and set a price target of $350.00. Although there are risks associated with the potential removal of EV credits and subsidies, Murphy believes that Tesla is well-positioned to withstand these changes compared to its competitors. These considerations, combined with Tesla’s robust growth trajectory, justify the Buy rating and the increased price objective.
5) Tesla's market cap has increased by a quarter trillion in the last 3 days. Tesla is only a 27% increase away from hitting a new all-time high (ATH) ie $400.
My Take:
Someone is still digging negative information about Tesla and Elon Musk and keeps quiet about his self-made TA chart posted not long ago predicting Tesla stock will spiral downtrend. Either he is a hardcore Tesla hater or he is using Tesla's negative sentiment to promote his favorite Chinese EV stocks.
I mentioned in my post a month ago that the current uptrending is not a hype. It is driven by Wall Street who sees growth potential in the company.
Source:
$BYD COMPANY (01211.HK)$ $BYD Co. (BYDDF.US)$ $S&P 500 Index (.SPX.US)$ $Nasdaq Composite Index (.IXIC.US)$ $Tesla (TSLA.US)$ $VOLKSWAGEN A G (VWAGY.US)$ $NIO Inc (NIO.US)$ $Li Auto (LI.US)$ $XPeng (XPEV.US)$ $General Motors (GM.US)$ $Ford Motor (F.US)$ $Rivian Automotive (RIVN.US)$ $MERCEDES-BENZ GROUP AG (MBGAF.US)$ $TOYOTA MOTOR CORP (TOYOF.US)$ $GEELY AUTO (00175.HK)$ $Stellantis NV (STLA.US)$
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102806935 : Tesla not targeting the sales profit. Stock market!!!!!!
Silverbat : Amazing!
Silverbat : Waiting market open!