5 Winning S&P 500 Stocks & Their ETFs Since Election
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Nov 25 2024
0mins
Source: NASDAQ.COM
Stock Market Surge Post-Election: Following Trump's election victory, many U.S. companies have experienced significant stock gains, with the S&P 500 ETF rising over 2.4% and top-performing stocks gaining at least 18% since Election Day, driven by anticipated policy changes and deregulation.
Top Performing Stocks: Notable stocks like Axon Enterprise, Tesla, Vistra Corp, EQT Corporation, and Palantir Technologies saw substantial increases in their stock prices due to factors such as government contracts, expected regulatory changes, and growing demand for AI technologies.
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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: 381.590
Low
25.28
Averages
401.93
High
600.00
Current: 381.590
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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- Market Access Expansion: Belgium's approval makes it one of the EU countries to authorize the system, joining the Netherlands, Lithuania, Estonia, and Denmark, thereby enhancing Tesla's competitive position in Europe and its ability to collect real-world driving data.
- Software Commercialization Potential: Tesla is striving to prove that software can become a crucial part of its business, especially as competition in electric vehicles intensifies; this approval provides more market opportunities and real-world driving data for the company.
- Future Outlook: As Tesla expands in Europe, investors should watch for approvals from more countries for the FSD Supervised software, which will have significant implications for Tesla's market strategy and long-term growth potential.
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- Market Size Analysis: SpaceX's total addressable market is projected to reach $28.5 trillion, with only $370 billion related to rockets, while $1.6 trillion is linked to the Starlink internet service, highlighting the company's significant potential in the AI sector.
- Investor Caution: Although Musk is known for his bold predictions, history shows that many promises have not been met on time, prompting investors to carefully assess the gap between his future commitments and actual performance.
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- AI Market Potential: SpaceX's AI division is targeting a total addressable market of $26.5 trillion, which, if realized, would provide robust support for its lofty $1.77 trillion valuation target, indicating the company's strategic positioning in future technology sectors.
- Dependence on Nvidia: While SpaceX plans to produce its own chips in the long term to reduce reliance on Nvidia, it is expected to continue purchasing Nvidia chips at scale in the meantime, particularly highlighted by its partnership with Anthropic, which utilizes a data center equipped with 220,000 Nvidia GPUs.
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- Enhanced Market Position: Following its IPO, SpaceX will rank seventh on Nasdaq, surpassing major firms like JPMorgan and Berkshire Hathaway in valuation despite last year's losses, indicating investor recognition of its long-term potential.
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- Future Growth Potential: SpaceX's market opportunity is estimated at $28.5 trillion, primarily driven by its Starlink internet service, which connects millions of customers across 164 countries, with future revenue expected to increase through its cloud services agreement with Google.
See More
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- Regulatory Approval Progress: Belgium and Denmark have approved Tesla's Full Self-Driving Supervised software, marking a significant step forward for Tesla in the European market, particularly in regions where regulation typically moves slowly, showcasing the company's efforts in driving technology compliance.
- Market Access Expansion: Belgium's approval makes it one of the EU countries to authorize the system, joining the Netherlands, Lithuania, Estonia, and Denmark, thereby enhancing Tesla's competitive position in Europe and its ability to collect real-world driving data.
- Software Commercialization Potential: Tesla is striving to prove that software can become a crucial part of its business, especially as competition in electric vehicles intensifies; this approval provides more market opportunities and real-world driving data for the company.
- Future Outlook: As Tesla expands in Europe, investors should watch for approvals from more countries for the FSD Supervised software, which will have significant implications for Tesla's market strategy and long-term growth potential.
See More
Analysis of SpaceX's IPO Prospects and Market Potential
- Musk's Vision: SpaceX CEO Elon Musk emphasizes in the IPO prospectus that the company's mission is to build the systems and technologies necessary for a multiplanetary life; however, the timeline for achieving this vision remains unclear, potentially affecting investor confidence.
- Market Size Analysis: SpaceX's total addressable market is projected to reach $28.5 trillion, with only $370 billion related to rockets, while $1.6 trillion is linked to the Starlink internet service, highlighting the company's significant potential in the AI sector.
- Investor Caution: Although Musk is known for his bold predictions, history shows that many promises have not been met on time, prompting investors to carefully assess the gap between his future commitments and actual performance.
- Importance of AI Strategy: The long-term value of SpaceX does not solely depend on realizing a multiplanetary civilization but should focus more on its strategic positioning in AI, particularly the $22.7 trillion market potential in enterprise applications, which may offer investors more stable returns.
See More
Analysis of SpaceX IPO Prospects and AI Investments
- Valuation Target and Market Potential: SpaceX's valuation target of $1.77 trillion heavily relies on its AI division, which is estimated to have a total addressable market of $26.5 trillion, potentially providing strong support for the company's valuation if realized.
- Capital Expenditure Forecast: Evercore ISI predicts that SpaceX's capital expenditures will reach $360 billion by 2030 and nearly double to $732 billion by 2031, with the vast majority dedicated to AI investments, indicating the company's commitment to future technologies.
- Financial Ties with Tesla: SpaceX's financial ties with Tesla are becoming increasingly intertwined, as Tesla invested $2 billion in Musk's AI startup xAI earlier this year, and SpaceX has fully merged with xAI, suggesting that IPO funds will further support Tesla.
- Dependence on Nvidia: Although SpaceX plans to produce its own chips in the future to reduce reliance on Nvidia, it will continue to purchase Nvidia's AI chips at scale, particularly highlighted by its partnership with Anthropic, showcasing the critical role of Nvidia chips in its AI strategy.
See More
SpaceX IPO Sparks Market Frenzy
- IPO Scale: SpaceX's IPO is priced at $135 per share with 555,555,555 shares available, aiming to raise $75 billion, which represents only 5% of the company's total valuation.
- Market Response: The IPO is oversubscribed, indicating that demand from investors far exceeds the available shares, suggesting that the stock price could soar significantly above the $135 offering price at launch.
- Musk's Wealth Surge: With the SpaceX IPO, Elon Musk's net worth could instantly reach $1 trillion, making him the world's first trillionaire, as he currently holds $782 billion in assets primarily from SpaceX and Tesla stocks.
- Industry Impact: Musk's success across various sectors, including PayPal, OpenAI, and Tesla, highlights his substantial influence in the tech industry, and the successful IPO of SpaceX will further solidify his market position while attracting more investor interest in space and technology sectors.
See More
SpaceX Expected to Ramp Up Spending After IPO
- Post-IPO Spending Surge: SpaceX is expected to embark on a massive spending spree following its IPO, with capital expenditures projected to reach $360 billion by 2030 and nearly double to $732 billion by 2031, primarily focused on AI investments, thereby enhancing the company's competitiveness in the AI market.
- AI Market Potential: SpaceX's AI division is targeting a total addressable market of $26.5 trillion, which, if realized, would provide robust support for its lofty $1.77 trillion valuation target, indicating the company's strategic positioning in future technology sectors.
- Dependence on Nvidia: While SpaceX plans to produce its own chips in the long term to reduce reliance on Nvidia, it is expected to continue purchasing Nvidia chips at scale in the meantime, particularly highlighted by its partnership with Anthropic, which utilizes a data center equipped with 220,000 Nvidia GPUs.
- Financial Interlinkage with Tesla: The financial ties between SpaceX and Tesla are becoming increasingly intertwined, with Tesla mentioned 87 times in SpaceX's IPO prospectus, reflecting their mutual resource and technology enhancement, and it is anticipated that SpaceX will use IPO proceeds to support Tesla's product procurement.
See More
SpaceX Sets Record for Largest U.S. IPO
- Innovative IPO Pricing: SpaceX priced its IPO at $135 per share, raising a record $75 billion and achieving a valuation of $1.77 trillion, making it one of the world's most valuable companies and reflecting strong market confidence in its growth prospects.
- Enhanced Market Position: Following its IPO, SpaceX will rank seventh on Nasdaq, surpassing major firms like JPMorgan and Berkshire Hathaway in valuation despite last year's losses, indicating investor recognition of its long-term potential.
- Retail Investor Engagement: By allocating 30% of shares to retail investors, significantly higher than industry norms, SpaceX aims to broaden its shareholder base and enhance market liquidity, demonstrating its commitment to ordinary investors.
- Future Growth Potential: SpaceX's market opportunity is estimated at $28.5 trillion, primarily driven by its Starlink internet service, which connects millions of customers across 164 countries, with future revenue expected to increase through its cloud services agreement with Google.
See More
