Tesla Stock Hits All-Time High: ETFs to Ride the Momentum
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Dec 12 2024
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Source: NASDAQ.COM
Tesla Stock Surge: Tesla's shares reached a record high of $424.77, driven by investor confidence following Trump's election win and strong sales in China, with a 69% increase since November. Analysts have raised price targets due to optimism about Tesla's autonomy efforts and potential federal support.
Competitive Challenges: Despite its success, Tesla faces significant competition from Waymo in the autonomous vehicle market, as its autopilot requires more frequent human intervention compared to Waymo's technology, highlighting challenges in closing the technological gap.
Analyst Views on TSLT
Wall Street analysts forecast TSLT stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for TSLT 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: 24.190
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Current: 24.190
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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.
