Tesla's Strong Performance: September has been a surprisingly strong month for Tesla, with its stock rising nearly 30%, marking its best September ever, while the T-Rex 2x Inverse Tesla Daily Target ETF (TSLZ) has seen a significant decline of about 40%.
Market Conditions: The overall market, including the S&P 500, has shown resilience with a 3.8% gain, supported by favorable macroeconomic factors such as hopes for Federal Reserve rate cuts and strong earnings, making it a challenging environment for investors betting against Tesla.
China Sales Surge: Tesla's sales in China have been a key driver, with a reported 33% increase in insured registrations, leading analysts to predict a 27% rise in deliveries for September compared to August.
Risks of Leveraged Investing: The experience of TSLZ investors highlights the risks associated with leveraged inverse investing, as the ETF's performance has been detrimental for those betting against Tesla's upward trend.
Wall Street analysts forecast TSLZ stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for TSLZ is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
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Wall Street analysts forecast TSLZ stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for TSLZ is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
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Current: 12.630
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Current: 12.630
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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.
