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Tesla Stock Rises Again After Elon Musk "Made a Bet for the Ages"

Tesla stock was slipping in premarket trading Thursday after huge - and somewhat surprising - post-election gains realized on Wednesday.Shares of the electric-vehicle maker were down 0.82% in premarke

Tesla Stock Rises Again After Elon Musk "Made a Bet for the Ages"

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Trump isn&#39;t a fan of EVs, disparaging them and Biden-era EV subsidies several times in the recent past.</p><p>But Tesla CEO Elon Musk endorsed the former president&#39;s bid to recapture the White House shortly after a failed assassination attempt in July. After that, Musk and Trump grew closer with the auto executive campaigning hard for the now president-elect.</p><p>There is no reason to doubt Musk&#39;s sincerity, but aligning himself with Trump turned out to be an incredible hedge for Musk&#39;s EV maker.</p><p>EV stocks didn&#39;t have a good day on Wednesday. Lucid stock fell 5.3%, Polestar shares fell 8.2%, and Rivian dropped 8.3%.</p><p>The difference between falling 8% and rising 15% for Tesla stock works out to about $185 billion in stock market value. The $37.09 rise in Tesla shares added roughly $120 billion in stock market value, exceeding the amount Musk likely donated to the Trump campaign by roughly 1,000 times. What&#39;s more, Musk&#39;s net worth increased by some $25 billion the day after the election.</p><p>&#34;Musk made a bet for the ages,&#34; said Wedbush analyst Dan Ives. He rates Tesla shares Buy and has a $300 price target on the stock.</p><p>The gains Wednesday leave Tesla shares up about 16% so far this year. They also sent Tesla stock above recent resistance-- a term used by technical stock market analysts who look at stock charts to get a sense of levels where investors have bought and sold stocks in the recent past.</p><p>Tesla has a &#34;bullish chart pattern,&#34; said CappThesis founder Frank Cappelleri. If shares can stay above $270 in the coming days, he thinks $400 could be in play in the coming months. That&#39;s a significant increase from current levels. Fairlead Strategies analyst Will Tamplin sees some additional resistance around $340.</p><p>At any of the recent levels, investors still have to think about what to pay for Musk&#39;s EV company. Shares fetch about 76 times estimated 2025 earnings, far higher than the market&#39;s 21 times multiple. Tesla&#39;s earnings, of course, are expected to grow much faster than the market.</p><p>Earnings growth has to accelerate for Tesla stock to maintain recent momentum into 2025 and beyond -- no matter who is in the White House.</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Tesla Stock Rises Again After Elon Musk \"Made a Bet for the Ages\"</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nTesla Stock Rises Again After Elon Musk \"Made a Bet for the Ages\"\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2024-11-07 23:41</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>Tesla  stock rose 3% early Thursday after a big target price bump from a Wall Street bull and after realizing huge—somewhat surprising—post election gains on Wednesday.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/e4986e5a3201e06360859d2e51ce90b5\" tg-width=\"819\" tg-height=\"835\"/></p><p>The early move follows a massive 15% jump in Tesla stock following Donald Trump&#39;s presidential election win over Democratic challenger Kamala Harris.</p><p>Early in the election cycle, a Tesla rise following a Trump victory was far from certain, or even expected. Trump isn&#39;t a fan of EVs, disparaging them and Biden-era EV subsidies several times in the recent past.</p><p>But Tesla CEO Elon Musk endorsed the former president&#39;s bid to recapture the White House shortly after a failed assassination attempt in July. After that, Musk and Trump grew closer with the auto executive campaigning hard for the now president-elect.</p><p>There is no reason to doubt Musk&#39;s sincerity, but aligning himself with Trump turned out to be an incredible hedge for Musk&#39;s EV maker.</p><p>EV stocks didn&#39;t have a good day on Wednesday. Lucid stock fell 5.3%, Polestar shares fell 8.2%, and Rivian dropped 8.3%.</p><p>The difference between falling 8% and rising 15% for Tesla stock works out to about $185 billion in stock market value. The $37.09 rise in Tesla shares added roughly $120 billion in stock market value, exceeding the amount Musk likely donated to the Trump campaign by roughly 1,000 times. What&#39;s more, Musk&#39;s net worth increased by some $25 billion the day after the election.</p><p>&#34;Musk made a bet for the ages,&#34; said Wedbush analyst Dan Ives. He rates Tesla shares Buy and has a $300 price target on the stock.</p><p>The gains Wednesday leave Tesla shares up about 16% so far this year. They also sent Tesla stock above recent resistance-- a term used by technical stock market analysts who look at stock charts to get a sense of levels where investors have bought and sold stocks in the recent past.</p><p>Tesla has a &#34;bullish chart pattern,&#34; said CappThesis founder Frank Cappelleri. If shares can stay above $270 in the coming days, he thinks $400 could be in play in the coming months. That&#39;s a significant increase from current levels. Fairlead Strategies analyst Will Tamplin sees some additional resistance around $340.</p><p>At any of the recent levels, investors still have to think about what to pay for Musk&#39;s EV company. Shares fetch about 76 times estimated 2025 earnings, far higher than the market&#39;s 21 times multiple. Tesla&#39;s earnings, of course, are expected to grow much faster than the market.</p><p>Earnings growth has to accelerate for Tesla stock to maintain recent momentum into 2025 and beyond -- no matter who is in the White House.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"LU0348723411.USD":"ALLIANZ GLOBAL HI-TECH GROWTH \"A\" (USD) INC","BK4533":"AQR资本管理(全球第二大对冲基金)","BK4555":"新能源车","LU1720051108.HKD":"ALLIANZ GLOBAL ARTIFICIAL INTELLIGENCE \"AT\" (HKD) ACC","LU2357305700.SGD":"Allianz Global Artificial Intelligence ET H2-SGD","LU0234570918.USD":"高盛全球核心股票组合Acc Close","LU2602419157.SGD":"HSBC ISLAMIC GLOBAL EQUITY INDEX \"AC\" (SGD) ACC","LU1429558221.USD":"Natixis Loomis Sayles US Growth Equity RA USD","SG9999015952.SGD":"LIONGLOBAL DISRUPTIVE INNOVATION \"I\" (SGD) ACC","LU1861559042.SGD":"日兴方舟颠覆性创新基金B SGD","LU1839511570.USD":"WELLS FARGO GLOBAL FACTOR ENHANCED EQUITY \"I\" (USD) ACC","LU0053666078.USD":"摩根大通基金-美国股票A（离岸）美元","LU0823411888.USD":"法巴消费创新基金 Cap","LU1435385759.SGD":"Natixis Loomis Sayles US Growth Equity RA SGD-H","BK4527":"明星科技股","LU2213496289.HKD":"ALLIANZ INCOME AND GROWTH \"AT\" (HKD) ACC","LU1551013342.USD":"Allianz Income and Growth Cl AMg2 DIS USD","LU0082616367.USD":"摩根大通美国科技A（dist）","BK4550":"红杉资本持仓","LU0056508442.USD":"贝莱德世界科技基金A2","BK4588":"碎股","IE00B1XK9C88.USD":"PINEBRIDGE US LARGE CAP RESEARCH ENHANCED \"A\" (USD) ACC","LU0719512351.SGD":"JPMorgan Funds - US Technology A (acc) SGD","LU0964807845.USD":"ALLIANZ INCOME & GROWTH \"A\" (USD) INC","BK4574":"无人驾驶","IE00BJLML261.HKD":"HSBC GLOBAL EQUITY INDEX \"HCH\" (HKD) ACC","LU0820561909.HKD":"ALLIANZ INCOME AND GROWTH \"AM\" (HKD) INC","LU1914381329.SGD":"Allianz Best Styles Global Equity Cl ET Acc H2-SGD","LU2249611893.SGD":"BNP PARIBAS ENERGY TRANSITION \"CRH\" (SGD) ACC","LU0466842654.USD":"HSBC ISLAMIC GLOBAL EQUITY INDEX \"A\" (USD) ACC","BK4547":"WSB热门概念","BK4596":"哈里斯概念","LU2756315664.SGD":"ALLIANZ INCOME AND GROWTH \"AMI\" (SGDHDG) INC","TSLL":"Direxion Daily TSLA Bull 2X Shares","LU0823414478.USD":"法巴经典能源转换基金","SG9999015978.USD":"利安颠覆性创新基金A","BK4548":"巴美列捷福持仓","LU0097036916.USD":"贝莱德美国增长A2 USD","LU2087621335.USD":"ALLSPRING GLOBAL FACTOR ENHANCED EQUITY \"A\" (USD) ACC","LU0689472784.USD":"安联收益及增长基金Cl AM AT Acc","LU1852331112.SGD":"Blackrock World Technology Fund A2 SGD-H","LU2326559502.SGD":"Natixis Loomis Sayles US Growth Equity P/A SGD-H","BK4585":"ETF&股票定投概念","LU1861558580.USD":"日兴方舟颠覆性创新基金B","LU1551013425.SGD":"Allianz Income and Growth Cl AMg2 DIS H2-SGD","BK4534":"瑞士信贷持仓","LU2756315318.SGD":"ALLIANZ INCOME AND GROWTH \"AMG\" (SGDHDG) INC A"},"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2481754049","content_text":"Tesla  stock rose 3% early Thursday after a big target price bump from a Wall Street bull and after realizing huge—somewhat surprising—post election gains on Wednesday.The early move follows a massive 15% jump in Tesla stock following Donald Trump's presidential election win over Democratic challenger Kamala Harris.Early in the election cycle, a Tesla rise following a Trump victory was far from certain, or even expected. Trump isn't a fan of EVs, disparaging them and Biden-era EV subsidies several times in the recent past.But Tesla CEO Elon Musk endorsed the former president's bid to recapture the White House shortly after a failed assassination attempt in July. After that, Musk and Trump grew closer with the auto executive campaigning hard for the now president-elect.There is no reason to doubt Musk's sincerity, but aligning himself with Trump turned out to be an incredible hedge for Musk's EV maker.EV stocks didn't have a good day on Wednesday. Lucid stock fell 5.3%, Polestar shares fell 8.2%, and Rivian dropped 8.3%.The difference between falling 8% and rising 15% for Tesla stock works out to about $185 billion in stock market value. The $37.09 rise in Tesla shares added roughly $120 billion in stock market value, exceeding the amount Musk likely donated to the Trump campaign by roughly 1,000 times. What's more, Musk's net worth increased by some $25 billion the day after the election.\"Musk made a bet for the ages,\" said Wedbush analyst Dan Ives. He rates Tesla shares Buy and has a $300 price target on the stock.The gains Wednesday leave Tesla shares up about 16% so far this year. They also sent Tesla stock above recent resistance-- a term used by technical stock market analysts who look at stock charts to get a sense of levels where investors have bought and sold stocks in the recent past.Tesla has a \"bullish chart pattern,\" said CappThesis founder Frank Cappelleri. If shares can stay above $270 in the coming days, he thinks $400 could be in play in the coming months. That's a significant increase from current levels. Fairlead Strategies analyst Will Tamplin sees some additional resistance around $340.At any of the recent levels, investors still have to think about what to pay for Musk's EV company. Shares fetch about 76 times estimated 2025 earnings, far higher than the market's 21 times multiple. Tesla's earnings, of course, are expected to grow much faster than the market.Earnings growth has to accelerate for Tesla stock to maintain recent momentum into 2025 and beyond -- no matter who is in the White House.","news_type":1},"isVote":1,"tweetType":1,"viewCount":1,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":[],"verified":2,"subType":0,"readableState":1,"langContent":"EN","currentLanguage":"EN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"andRepostAutoSelectedFlag":false,"upFlag":false,"length":110,"xxTargetLangEnum":"ORIG"},"commentList":[],"hasMoreComment":false,"orderType":2}