Tesla Rally Tops 100% From Low, Supercharged by New Optimism

Bloomberg2023-02-10

Electric-vehicle maker’s shares close up 3% ThursdayFed pivot hope, rising EV demand, retail buying drive stockPhotographer: Qilai Shen/BloombergTesla Inc. shares extended their breakneck rally on ...

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Comments

SNeo
2023-02-10
SNeo
[Duh]
AuntieAaA
2023-02-10
AuntieAaA
okay
UTOtrader
2023-02-10
UTOtrader
T
All in Tesla
2023-02-10
All in Tesla
Said this many times. Tesla is a buy and hold strategy. If you time the market or trade on short term you will lose. Take my words for it 😉
SoonHua
2023-02-10
SoonHua
250 coming ?
T202311701
2023-02-10
T202311701
O

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The shares are bouncing off a 65% plunge in 2022.Riskier growth stocks, which were beaten down hard last year amid concerns about rising interest rates and a recession, have made a strong comeback in 2023 as optimism about the economy has returned and investors bet the Federal Reserve’s aggressive rate-hike cycle is nearing its end. At the same time, Tesla’s own earnings last month, and a spate of positive headlines on tax credits for electric vehicles, have provided further lift to the shares of the Elon Musk-led company.“Tesla is rising so fast because of a market that believes the Fed is coming to the rescue,” said Eric Schiffer, chief executive officer of Los Angeles-based private equity firm Patriarch Organization. Good fourth-quarter results and “price cuts to turbocharge demand” also helped, he said.Early in February, the Biden administration said it will expand the newly-revamped electric vehicle tax credit to allow SUVs costing up to $80,000 to receive those credits. 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And while some investors say that the worst could be over for Tesla, others advocate caution, especially with the risk of a recession still hovering and the EV industry’s brisk pace of growth expected to slow in the near-term. Meanwhile, skepticism about the company’s newest model, the Semi heavy-duty truck, are continuing to linger.The stock is now trading just above the average analyst price target tracked by Bloomberg — suggesting Wall Street doesn’t see much more upside. 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Tesla is a buy and hold strategy. If you time the market or trade on short term you will lose. Take my words for it 😉","listText":"Said this many times. Tesla is a buy and hold strategy. If you time the market or trade on short term you will lose. Take my words for it 😉","text":"Said this many times. Tesla is a buy and hold strategy. If you time the market or trade on short term you will lose. Take my words for it 😉","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9954383288","repostId":1197453840,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9954315993,"gmtCreate":1675997174713,"gmtModify":1675997178204,"author":{"id":"3581858950719595","authorId":"3581858950719595","name":"SoonHua","avatar":"https://community-static.tradeup.com/news/1e291b2d9179f759f0dd15dfc8aa2240","vip":1,"hat":"https://static.tigerbbs.com/ae1f49570794979e009a5efdeb6f4789","crmLevel":9,"crmLevelSwitch":1,"authorIdStr":"3581858950719595","idStr":"3581858950719595"},"htmlText":"250 coming ?","listText":"250 coming ?","text":"250 coming ?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9954315993","repostId":1197453840,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9954312060,"gmtCreate":1675996674350,"gmtModify":1675996677971,"author":{"id":"4115257325505790","authorId":"4115257325505790","name":"T202311701","avatar":"https://community-static.tradeup.com/news/816311e9879fbae4e952e2a5386f68ca","vip":1,"crmLevel":9,"crmLevelSwitch":0,"authorIdStr":"4115257325505790","idStr":"4115257325505790"},"htmlText":"O","listText":"O","text":"O","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9954312060","repostId":1197453840,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"}],"isCommentEnd":false,"newsSizeData":{"likeSize":225,"commentSize":18,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.1","shortVersion":"4.29.1","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/1197453840"}