Machine23
11-10

$Tesla Motors(TSLA)$  Based on recent technical analysis and market outlook, Tesla's stock is not widely expected to hit $400 by the end of 2024. Tesla's price has been quite volatile this year, recently trading around $321, with analysts giving a consensus price target much lower than $400. The average 12-month price target from analysts is approximately $222, while the highest target is near $350, which suggests limited expectations for substantial upward movement in the near term.

Several challenges contribute to this outlook. Tesla has faced increasing competition in the electric vehicle (EV) space, alongside regulatory concerns about its autonomous driving features. High interest rates and lower-than-expected earnings have also impacted its stock performance. While technical indicators showed a modest recovery earlier in 2024, broader economic factors and Tesla's high price-to-earnings ratio continue to weigh on its valuation and appeal to cautious investors. Therefore, a significant jump to $400 by year-end would likely require an unexpected catalyst or favorable market shift​​​​​​​​.

FSD Support! Will Tesla Restart Uptrend to $400?
Tesla jumps 5% as President-elect Donald Trump's transitionteam plans to make a federal framework forfully self-driving vehicles a priority, benefiting Elon Musk and his bet on self-driving technology. --------------- At what price would you add Tesla? Would Tesla hit $400 this week?
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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