Tesla's market performance, buoyed primarily by its relationship with
Elon Musk, has drawn significant attention. Renowned bull
Ron Baron anticipates that the company's
market cap could hit $5 trillion. Tesla's
valuation has seen a dramatic increase, possibly driven by Musk's new political role and relationship with Donald Trump. Hedge fund
Third Point has also bought into Tesla, boosting its position. However, Tesla and Rivian reported losses following news of Trump's plan to nix
EV tax credits. Jefferies Financial Group raised Tesla's
price target amid these events, while investor Cathie Wood sold off Tesla stocks for another promising venture. Tesla faced recalls due to a power issue with its
Cybertruck, but it's also seen positive projections by figures like Jim Cramer. Shares also dropped following the disappearance of the Trump trade and the threat to EV tax credits. In a surprising turn of events, Tesla is speculated to be partnering with Uber and Lyft. The company further aims to boost North American sales through free Supercharging and
FSD subscriptions. Deutsche Bank reiterates a buy on Tesla, highlighting potential upside in
AI and robotics initiatives.
Tesla TSLA News Analytics from Wed, 23 Oct 2024 07:00:00 GMT to Sat, 16 Nov 2024 16:14:00 GMT -
Rating 7
- Innovation 5
- Information 7
- Rumor -5
