Stocktwits: Tesla Continues Its Bullish Run
Tesla Inc. shareholders received a dose of enthusiasm on Tuesday morning as the company’s stock surged over 3%, reaching a new high of $470. This momentum extends Tesla’s three-day streak of gains, driven by growing optimism from analysts. Discover more about Tesla stock record high in this article.
Analyst Upgrades Fuel for Tesla stock record high
The bullish sentiment is supported by key upgrades:
- Wedbush Securities raised Tesla’s price target to $515.
- Mizuho followed suit, elevating its target from $230 to $515 and upgrading Tesla from Neutral to Outperform.
Mizuho attributes this upgrade to the company’s improving autonomy software and the prospect of a more favorable regulatory environment under the Trump administration.
Political Influence Sparks Optimism
Elon Musk’s rising political clout within the newly elected Trump administration is expected to benefit Tesla. Analysts suggest that Musk’s relationship with Trump could position Tesla advantageously, especially with cost structures projected to undercut competitors. Trump Election may also have a huge impact on the future of this variation. Discover more on this article
Policy Concerns Loom
Despite optimism, concerns persist about potential policy shifts:
- Reduced EV support and stricter import controls from China could challenge the EV market.
- Goldman Sachs forecasts flat deliveries for Tesla this year.
Still, analysts remain optimistic about Tesla’s resilience. Truist, for example, raised its price target to $360 from $238, retaining a Hold rating while acknowledging Tesla’s potential amidst policy changes.
Tesla stock record high : Concerns Over Valuation
Tesla’s current metrics raise questions:
- A trailing P/E ratio of 131
- A forward P/E multiple of 153
These figures fuel skepticism about Tesla’s sustainability, especially with its stock trading 40% higher than the average analyst price target.
Tesla stock record high : Long-Term Vision and Investor Sentiment
Tesla’s ambitious roadmap includes plans for:
- A lower-cost EV model
- Entering the robotaxi market by 2025
Despite this optimism, the recent stock surge has prompted skepticism among retail investors. Diverging opinions between retail sentiment and Wall Street forecasts highlight the debate over Tesla’s future trajectory.
