$Tesla Motors(TSLA)$ Tesla (TS-To The Moon - Tiger Brokers Online Investing Community - To The Moon

$Tesla Motors(TSLA)$

Tesla (TSLA, Financial) shares have continued their upward momentum, rising approximately 2.7%, reaching $359.4 in pre-market trading. This comes after a nearly 9% surge on Monday, which propelled Tesla's market capitalization beyond $1.1 trillion. Over the four trading days from last week Wednesday to Monday's close, Tesla's stock climbed a total of 39.22%.

Morgan Stanley analysts have noted a significant shift in investor sentiment towards Elon Musk, driving Tesla's stock higher, reaching a two-year high. Investors are also focusing on Tesla's developments beyond automotive sales, including ventures such as the Cybertruck. Looking into the next year, Morgan Stanley anticipates an expansion in Tesla's potential market. They foresee accelerated growth in sectors such as electric vehicles, autonomous driving, robotics, and renewable energy, which might further Tesla's progress beyond its core automotive business. The firm maintains an "Overweight" rating with a target price of $310 for TSLA.

EV Subsidies Canceled: Will Tesla Drop Under $300?

Tesla's stock price dropped by 5.7% due to the Trump team considering canceling the $7,500 tax credit for electric vehicles to fund its tax cut plan. This credit was one of the measures introduced by Biden to combat inflation. --------------- At what price would you add Tesla? What's your target price for Tesla? Is Tesla's dream shattered?

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