Tesla's Stock Reaches Highest Price in Years

Shares of Tesla Inc. closed at their highest level in years, reaching $389.22 per share. The company's market capitalization has surpassed the $1.2 trillion threshold, and its stock is now approximately 5% off from its record close of $409.97. BofA Securities analyst John Murphy reiterated his buy rating on the stock and raised his price target to $400. A visit to Tesla's gigafactory in Austin, Texas gave Murphy increased confidence in the company's growth story, including the expansion of the core EV business and the development of the Optimus robot for the robotaxi business. Tesla's stock has risen 56.6% this year.

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User Discussion

avatara4xrbj1
12-09
Everyone can draw a straight line. That's not a proper analysis, apart from meme stock like Tesla a stock is bound to fundamentals
24H|Tesla Stock Rallies 3%, Crossing the $400 Milestone in Overnight Trading