🇺🇸 U.S. stocks slipped on Wednesday, as investorsmulled over the latest retail sales report (January) that came in higher than expected. This is a day after the release of January 's hitter-than-anticipate consumer price index. All the three major benchmark indexes lost about 0.5%
$Tesla Motors(TSLA)$
The top 10 largest holders of Tesla stock, includingtop ETF and mutual fund providers like Vanguard and BlackRock plus the Technoking Elon Musk himself are collectively up USD$117 billion since the stock doubled from its 52 weeks low on 6 Jan 2023. That means these 10 investors made more on one stock - Tesla - than all investors made on 496 individual S&P 500 stocks.
This run on Tesla stock after its recent vehicles' price cuts is prompting analysts to suggest that Teslahas displayed good pricing power, cost superiority and it could increase demand.
The most optimistic forecast for where Tesla stockwill be in 12 months is USD$320 per share. If that is correct, Tesla still has more than 53% upside.
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