4 Best Leveraged ETFs of Last Week
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Dec 16 2024
0mins
Should l Buy TSLA?
Source: NASDAQ.COM
Market Performance: Wall Street experienced mixed results last week, with the S&P 500 down 0.6%, Dow Jones down 1.8%, and Nasdaq up 0.3%. Key inflation reports indicated a rise in consumer prices, leading to increased expectations for a rate cut by the Federal Reserve.
Top Performing ETFs: Tesla's stock surged 9.6% after hitting an all-time high, while Broadcom reported record earnings, causing its shares to jump 24.4%. Other notable ETFs included those tracking Alphabet and consumer discretionary sectors, reflecting strong investor confidence and optimism in the market.
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Analyst Views on TSLA
Wall Street analysts forecast TSLA stock price to rise
30 Analyst Rating
12 Buy
11 Hold
7 Sell
Hold
Current: 398.730
Low
25.28
Averages
401.93
High
600.00
Current: 398.730
Low
25.28
Averages
401.93
High
600.00
About TSLA
Tesla, Inc. designs, develops, manufactures, sells and leases high-performance fully electric vehicles and energy generation and storage systems, and offers services related to its products. Its segments include automotive, and energy generation and storage. The automotive segment includes the design, development, manufacturing, sales and leasing of high-performance fully electric vehicles, and sales of automotive regulatory credits. It also includes sales of used vehicles, non-warranty maintenance services and collisions, part sales, paid supercharging, insurance services revenue and retail merchandise sales. The energy generation and storage segment include the design, manufacture, installation, sales and leasing of solar energy generation and energy storage products and related services and sales of solar energy systems incentives. Its consumer vehicles include the Model 3, Y, S, X and Cybertruck. Its lithium-ion battery energy storage products include Powerwall and Megapack.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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- Legal Action: Musk is suing OpenAI and its executives for over $13 billion, claiming he was misled into believing OpenAI would remain a nonprofit when he provided $38 million in startup funding, a claim that could significantly impact OpenAI's operational model.
- Board Discussions: Zilis noted extensive discussions within the board between 2017 and 2018 regarding OpenAI's corporate structure, reflecting differing views on how to transition OpenAI into a for-profit entity, which may influence future governance structures in AI companies.
- IPO Prospects: Both OpenAI and its parent company SpaceX are reportedly preparing for massive IPOs later this year, indicating that despite facing legal challenges, OpenAI is still seeking market support to drive its business expansion.
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- Risk Management Concerns: While the potential for stock donations exists, experts caution that allowing individual stock holdings could increase investment risks; the primary goal of Trump Accounts is to avoid speculative investments by utilizing low-fee index funds, ensuring steady retirement savings growth.
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- Surge in Trading Volume: Trading volume reached 48.4 million shares, approximately 136% above the three-month average of 20.6 million shares, indicating a significant increase in market interest in Aurora, despite the stock's decline, reflecting cautious investor sentiment regarding future developments.
- Partnership Announcement: Aurora's new partnership with Berkshire Hathaway subsidiary McLane Company aims to initiate autonomous semi-truck deliveries in Texas, showcasing the company's potential applications in long-haul trucking, although it still faces cash flow challenges.
- Analyst Confidence: Analysts at Needham expressed optimism about Aurora, establishing a $13 price target, despite the company burning approximately $159 million in operating cash during Q1, highlighting the ongoing challenges in realizing its autonomous vehicle aspirations.
See More
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- Stock Decline: Aurora Innovation closed at $7.14 on Thursday, down 1.79%, following a multi-day rally, indicating market concerns regarding the execution of its 2026 driverless semi-truck and revenue targets.
- Surge in Trading Volume: The trading volume reached 48.4 million shares, approximately 136% above the three-month average of 20.6 million shares, reflecting strong investor interest and market volatility regarding the company's future.
- Partnership Announcement: Aurora has partnered with McLane Company, a subsidiary of Berkshire Hathaway, to initiate autonomous semi-truck deliveries in Texas using its self-driving system, although the market's reaction to this news has been relatively muted.
- Cash Burn Warning: Despite analysts expressing optimism with a $13 price target for Aurora, the company burned approximately $159 million in operating cash during Q1, highlighting significant challenges ahead in achieving its autonomous vehicle aspirations.
See More
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- Criminal Investigation Escalation: French cybercrime authorities have escalated their investigation into Elon Musk and his social network X to a criminal probe, indicating serious concerns over potential algorithmic manipulation in French politics, which could significantly impact the company's reputation and operations.
- Summons Ignored: Musk and former X CEO Linda Yaccarino were summoned by French authorities to appear on April 20 but both declined to attend and answer questions, potentially leading to further legal repercussions and increasing public scrutiny over their transparency.
- International Investigations Expand: In addition to France, other international jurisdictions are also investigating X and Grok, particularly the California Attorney General's office, focusing on whether Musk and his companies deliberately allowed the spread of inappropriate content, which could lead to broader legal challenges and compliance risks.
- U.S. Justice Department's Position: The U.S. Department of Justice has reportedly informed French authorities that it would not assist in investigating Musk or X, accusing France of inappropriately interfering with an American business, which could escalate tensions in international legal and diplomatic relations.
See More
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- Investigation Escalation: French cybercrime authorities have elevated their investigation into Elon Musk and his social network X to a criminal probe, focusing on allegations of algorithmic manipulation to interfere in French politics, highlighting concerns over social media influence.
- Political Attack Allegation: Musk labeled the investigation a 'political attack' and declined to appear for questioning following a raid on X's Paris office, reflecting his skepticism about the probe's legitimacy and its potential impact on American business interests.
- Deepfake Content Issues: The investigation also examines whether X knowingly allowed users of the AI chatbot Grok to create and disseminate Holocaust denial and non-consensual sexually explicit deepfake images, revealing significant challenges in content regulation on social platforms.
- International Scrutiny: In addition to France, other international jurisdictions, including the California Attorney General's office, are investigating X and Grok, indicating a broad legal scrutiny of Musk and his companies that could negatively impact their global operations.
See More
