Nasdaq TSLA Tesla

How Tesla Stock Will Surge Under Trump

8 months 3 weeks ago
Donald Trump is heading back to the White House, and Tesla (NASDAQ:TSLA) could be one of the biggest winners. Tesla CEO Elon Musk played a pivotal role in Trump’s 2024 campaign, making substantial financial contributions, actively campaigning for Trump, and leveraging his s
Trefis

Stocks Sharply Higher as Trump Wins Presidential Election

8 months 3 weeks ago
The S&P 500 Index ($SPX ) (SPY ) Wednesday closed up +2.53%, the Dow Jones Industrials Index ($DOWI ) (DIA ) closed up +3.57%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) closed up +2.74%. Stocks on Wednesday closed sharply higher, with the S&P 500, the Dow Jones Industrials,...
Barchart

Trump Election Victory Sends Space Stocks Soaring

8 months 3 weeks ago
Several leading space stocks are soaring today on news of Donald Trump’s election victory. Throughout the campaign, Tesla (TSLA) CEO Elon Musk has emerged as one of his most prominent supporters. As a result, Trump’s victory is seen as highly bullish for the industry, as he is considered the more pro-space travel candidate. Now, many space stocks are rising steadily today on momentum from his victory. Does this mean that space stocks are likely to keep rising as the U.S. economy prepares for the next Trump presidency? The short answer is yes. Let’s take a look at a few of the sector’s top companies and assess what investors could be expecting. Which Space Stocks Are Rising Today? Of the space stocks rising today, Rocket Lab USA (RKLB) is outperforming its peers. The space exploration startup is up 7% despite an early trading dip, and its current trajectory suggests it will keep trending upward. RKLB has enjoyed a strong trading week, rising 16% over the past five days. While short interest has also been rising, the stock hasn’t slowed down. Meanwhile, as of this writing, Intuitive Machines (LUNR) is up 5% for the day, and Virgin Galactic (SPCE) is up 2%. Neither space stock has performed as well as Rocket Lab lately but both have mostly trended upward on pre-election momentum. Now that Trump has won, all three companies are likely to continue rising as enthusiasm builds for Trump’s time in office and Wall Street sentiment shifts toward the space sector. Musk’s SpaceX has been busy lately and will likely be even busier in 2025 as Trump takes office. While other space companies don’t have a CEO with Musk’s reach or influence, there will likely be room in 2025 and beyond for them to continue growing if Trump adopts pro-space policies. Which Space Stock Is the Best Buy for a Trump Term? Of the aforementioned space socks, Intuitive Machines has the highest rating and upside combination. Analysts have a Strong Buy consensus rating on LUNR stock based on five Buys assigned in the past three months, as indicated by the graphic below. After a 156% rally in its share price over the past year, the average LUNR price target of $10.60 per share implies 31% upside potential. See more LUNR stock analyst ratings While Rocket Lab also boasts a Strong Buy consensus, the stock’s average price target of $9.33 implies 26% downside potential, suggesting that the stock may be overvalued at its current levels.
TipRanks

Wednesday's ETF with Unusual Volume: SPYX

8 months 3 weeks ago
The SPDR S&P 500 Fossil Fuel Reserves Free ETF is seeing unusually high volume in afternoon trading Wednesday, with over 700,000 shares traded versus three month average volume of about 80,000. Shares of SPYX were up about 2.2% on the day. Components of that ETF with the h
BNK Invest

Why Tesla Stock Is Skyrocketing Today

8 months 3 weeks ago
Tesla (NASDAQ: TSLA) stock is making big gains in Wednesday's trading. The electric-vehicle (EV) company's share price was up 22.8% as of 12:30 p.m. ET. Meanwhile, the S&P 500 index was up 2.1%, and the Nasdaq Composite index was up 2.4%.
The Motley Fool

Elon Musk Is $15 Billion Richer as Tesla (TSLA) Stock Soars on Trump Election Win

8 months 3 weeks ago
Elon Musk’s net worth is up an estimated $15 billion today as shares of electric vehicle maker Tesla (TSLA) soar 13% higher on news that Donald Trump has won the U.S. presidential election. Musk had been a big campaigner and donor for Trump, and the president-elect singled out the Tesla CEO in his election night victory speech, calling him a “super genius.” TSLA stock is soaring as investors anticipate a Trump win will be good for the electric vehicle maker and Musk, who is already the world’s richest person with a net worth that has previously been pegged at $260 billion. Musk’s wealth is getting a boost as TSLA stock rises to $285 a share. It’s a reversal for the company’s share price, which has been volatile for most of this year amid news of declining sales and increased competition from other automakers. With today’s rise, Tesla’s stock is now up 15% on the year. Analyst’s View While Trump’s victory might be positive for Tesla and Elon Musk, some analysts are sounding a note of caution for the broader electric vehicle market. Dan Ives, a respected technology analyst at Wedbush Securities, has said that a second Trump presidency would likely be an “overall negative for the EV industry.” However, Ives has acknowledged that a Trump White House should be positive for Tesla, especially if the president ratchets up tariffs on imported Chinese vehicles from competitors such as Nio (NIO). There are unconfirmed reports that Trump might offer Musk a position in his new cabinet. Is TSLA Stock a Buy? Tesla stock currently has a consensus Hold rating among 35 Wall Street analysts. That rating is based on 11 Buy, 16 Hold, and eight Sell recommendations made in the last three months. The average TSLA price target of $207.83 implies 27% downside risk. Read more analyst ratings on TSLA stock
TipRanks

Nasdaq 100 Movers: SMCI, TSLA

8 months 3 weeks ago
In early trading on Wednesday, shares of Tesla topped the list of the day's best performing components of the Nasdaq 100 index, trading up 14.5%. Year to date, Tesla registers a 15.8% gain. And the worst performing Nasdaq 100 component thus far on the day is Super Micro Comput
BNK Invest

Pre-Markets Surge on Historic Trump Victory

8 months 3 weeks ago
Wednesday, November 6, 2024With the 2024 election behind us, stock markets are rallying higher across the board. Unlike the last time Donald Trump was elected President, when markets were unsure which direction to take equities in
Zacks

TSLA Factor-Based Stock Analysis

8 months 3 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 Rivian Stock a Buy Before Nov. 7?

8 months 3 weeks ago
Investors tracking the electric vehicle (EV) sector have had high hopes for the long-term success of Rivian Automotive (NASDAQ: RIVN). While no one expected it to be easy to follow a similar path blazed by Tesla, Rivian has some unique aspects that give it a reasonable chance.
The Motley Fool
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