Nasdaq TSLA Tesla

Tesla Stock Gets a New Street-High Price Target Following Trump’s Victory

8 months 2 weeks ago
Tesla ( NASDAQ:TSLA) shares, despite a 6% drop on Tuesday, have been on a strong rally since Trump’s election victory, driving the stock past the $1 trillion market cap threshold. Investors are evidently confident the new administration will be wholly favorable to Elon Musk’s endeavors, considering the amount of support he showed in the run-up to the election. Wedbush analyst Daniel Ives agrees with that sentiment, saying the Trump White House win will be a “gamechanger for the autonomous and AI story for Tesla and Musk over the coming years.” “In essence,” Ives goes on to say, “Musk made a strategic and big bet on a Trump White House win that will be known as a ‘bet for the ages’ for TSLA bulls as now Tesla and Musk are set to reap the benefits from a new friendlier regulatory era in the Beltway ahead.” Given the autonomous/FSD timeline will probably be accelerated beginning next year and is a “major tailwind” for the timing of the Cybercab launch, Ives expects the Trump win will assist in unlocking “autonomous/AI value” to Tesla’s stock. Ives reckons that the AI and autonomous driving opportunity alone is worth $1 trillion for Tesla. The irony is that Trump is no fan of EVs, and his administration is set to be a negative for the industry, as it is “very likely” the EV rebates/tax incentives will be pulled. For Tesla, though, this is a “potential positive.” Tesla’s unmatched scale and reach within the EV industry could provide the company with a “clear competitive edge,” particularly against a non-EV subsidy backdrop beginning next year. Additionally, expected increases in tariffs on Chinese imports could further limit the entry of affordable Chinese EV brands like BYD and Nio into the U.S. market in the years to come, thereby helping Tesla keep its market share. That said, there are some caveats to the bullish thesis. Higher tariffs on Chinese imports could backfire given the potential for “retaliatory policies.” That could set the scene for a trade war and create “geopolitical headwinds” for Tesla in its highly important China market. “To this point,” Ives goes on to explain, “China is a key market for Tesla and we anticipate some carve outs for both Tesla and Apple on the China tariff front and also expect Musk to have a very big role (not a formal Cabinet position) in a Trump White House and be heavily involved in the China tariff discussions in early 2025.” With these favorable factors in mind, Ives has raised his price target for Tesla from $300 to a Street-high of $400, implying a 14% upside in the coming months. His rating for the stock remains Outperform. (To watch Ives’ track record, click here) 10 other analysts join Ives in the TSLA bull camp, but they are pitted against 16 Holds and 8 Sells, all culminating in a Hold (i.e. Neutral) consensus rating. Meanwhile, most think the shares are substantially overvalued; at $207.83, the average target factors in a 12-month drop of ~37%. (See Tesla stock forecast ) To find good ideas for stocks trading at attractive valuations, visit TipRanks’  Best Stocks to Buy, a tool that unites all of TipRanks’ equity insights. Disclaimer: The opinions expressed in this article are solely those of the featured analysts. The content is intended to be used for informational purposes only. It is very important to do your own analysis before making any investment.
TipRanks

Why Tesla Stock Was Pulling Back Today

8 months 2 weeks ago
After a dramatic bull run following the election of Donald Trump last week, Tesla (NASDAQ: TSLA) shares are finally cooling off today, pulling back in line with a broader sell-off as the S&P 500 is headed for its first decline since the election.
The Motley Fool

Tuesday's ETF with Unusual Volume: RSPD

8 months 2 weeks ago
The Invesco S&P 500— Equal Weight Consumer Discretionary ETF is seeing unusually high volume in afternoon trading Tuesday, with over 136,000 shares traded versus three month average volume of about 27,000. Shares of RSPD were down about 1% on the day. Components of that ET
BNK Invest

Noteworthy Tuesday Option Activity: META, TSLA, NFLX

8 months 2 weeks ago
Looking at options trading activity among components of the S&P 500 index, there is noteworthy activity today in Meta Platforms Inc (Symbol: META), where a total volume of 424,048 contracts has been traded thus far today, a contract volume which is representative of approxim
BNK Invest

TSLA Quantitative Stock Analysis

8 months 2 weeks ago
Below is Validea's guru fundamental report for TESLA INC (TSLA). Of the 22 guru strategies we follow, TSLA rates highest using our P/B Growth Investor model based on the published strategy of Partha Mohanram. This growth model looks for low book-to-market stocks that exhibit cha
Validea

Is ChargePoint Stock a Millionaire Maker Stock?

8 months 2 weeks ago
ChargePoint (NYSE: CHPT) hasn't minted any millionaires since its public debut. The builder of electric vehicle (EV) charging stations went public by merging with a special purpose acquisition company (SPAC) on March 1, 2021, and its stock opened at $32.30 with an enterprise valu
The Motley Fool

Tesla Option Contracts Gain on Post-Election Rally, Pushing Shares up 9%

8 months 2 weeks ago
Electric vehicle (EV) maker Tesla’s (TSLA) option contracts are gaining from the post-election rally, pushing shares up 9% yesterday. The close ties between CEO Elon Musk and President-elect Donald Trump and Musk’s unwavering support during the campaign suggest that good days are on the horizon for the EV maker. TSLA shares hit a fresh 52-week high and its highest value since April 2022 of $358.64 on November 11. Bullish Bets on Tesla Rise to Highest Level According to data published by Trade Alert and cited by Reuters, roughly 2.5 million contracts on Tesla changed hands by yesterday afternoon, making it the most widely traded options on equity stocks on November 11. Importantly, there was heavy trading in short-term call contracts at $400, 14.3% above yesterday’s closing price of $350. The data showed that a majority of these contracts, that is 56% of the total trading volume, had an expiry of Friday, November 15. Tesla options with a strike price of $350 and $400, with an expiry of Friday, were the two most heavily traded contracts, carrying a combined volume of 180,000 contracts. How does this push up Tesla’s stock price? It is because when the demand for upside contracts surges, option dealers who sell these options usually buy more of the stock to cover their risk. Also, when a significant number of people speculate on a particular strike price, the stock usually tends to move toward that price, in this case $350-$400 level.   The massive surge in Tesla’s stock price in the past few trading sessions and the related interest in options also imply that TSLA’s call options are becoming expensive. As can be seen from Tesla’s Options Chart on TipRanks, there is a big jump in the percentage change in options value compared to the prior day’s closing price. At the same time, the percentage change for Tesla’s put options is falling. How Trump’s Win Helps Tesla Musk owns a handful of companies involved in highly regulated markets, some of which also rely on subsidies and policies to push their businesses ahead. Apart from Tesla, Musk operates the space rocket company SpaceX, satellite broadband company Starlink, brain chipmaker Neuralink, AI ( artificial intelligence) startup xAI, and social media company X. Analysts and experts suggest that harboring close ties with the administration-in-force can prove beneficial for Musk’s companies. Musk has spent most of his time in the past few months cheering for Trump and also contributed roughly $130 million to the election campaign. Remarkably, along with Tesla’s share price surge, Musk’s fortunes have also ballooned in the past week, surpassing $300 billion for the first time in three years. Yesterday, Wedbush analyst Daniel Ives lifted the price target on TSLA stock to $400 (14.3% upside potential) from $300 while keeping a Buy rating. Ives believes that Trump’s win will be a “gamechanger for the autonomous and AI story for Tesla and Musk over the coming years.” He added that Trump’s administration could possibly clear out the regulatory walls and help fast-track the developments in AI and self-driving vehicles. Ives stated that these moves could drastically benefit Musk’s ventures. Are Tesla Shares a Buy Now? Despite all the ongoing optimism, analysts prefer to remain on the sidelines on Tesla stock. On TipRanks, TSLA stock has a Hold consensus rating based on 11 Buys, 16 Holds, and eight Sell ratings. The average Tesla price target of $207.83 implies 40.6% downside potential from current levels. Year-to-date, TSLA shares have gained 40.9%. See more TSLA analyst ratings Disclosure
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