💰Tesla is Approaching $500, a Review of Key Factors Drives Tesla in 2024

On December 16th, 2024, $Tesla Motors(TSLA)$ 's stock price rose by another 6.14%, quoted at $463.19, and continued to rise after the market. Tesla is approaching $500, we believe many tigers have made profit from the stock.

Some reasons for $Tesla Motors(TSLA)$ 's recent rise may include:

  1. Wall Street analysts raised their target prices for Tesla's stock. After visiting Tesla's Texas Gigafactory and meeting with the investor relations team, Bank of America (BoA) analyst John Murphy reiterated his "buy" rating on Tesla's stock and raised his target price from $350 per share to $400, indicating that analysts are optimistic about Tesla's prospects. Wedbush raised its target price to $515.

  2. Tesla's recent stock price surge may be related to macroeconomic policy expectations, especially Tesla CEO Musk's relationship with the Trump administration, and expectations of potential macroeconomic catalysts such as interest rate cuts and corporate tax cuts.

  3. Since Trump's victory in December, Tesla's stock price has risen significantly, with a market value of up to $1.3 trillion, which may be related to the market's expectations of Tesla's future narrative logic in artificial intelligence, humanoid robots, autonomous driving, and Tesla's artificial intelligence supercomputing system.

Looking back at 2024, $Tesla Motors(TSLA)$ has achieved a series of expected developments and achievements:

  1. Shanghai Megapack factory began to deliver products.

  2. Model Y new model launched.

  3. Fully automatic driving (FSD) function launched in China and Europe.

  4. Model Q model released.

  5. Robotaxi (autonomous driving taxi) service launched.

  6. FSD function authorized to other companies or individuals.

  7. Optimus robot began to be put into use in the factory.

  8. Robotaxi service was approved by federal regulations.

  9. Musk's new compensation plan appeal was successful.

  10. Tesla's stock price hit a new record high.

The following is a review of the key factors of $Tesla Motors(TSLA)$ large daily moves in 2024 compiled by Tiger Trade:

Date

Event Description

Price Change

2023/12/29

Annual increase of +101.7%, closed at $248.48 per share

101.70%

2024/1/25

Q4 2023 revenue and profits missed expectations

-12.10%

2024/2/15

Musk revealed an increased stake to 20.5%

6.20%

2024/4/24

Q1 2024 earnings report announced a new affordable car model

12.10%

2024/4/29

Musk's visit to China and announcement of expanded cooperation with Baidu

15.30%

2024/7/2

Q2 2024 delivery numbers exceeded expectations,

10.20%

2024/7/24

Q2 2024 profits missed expectations

-12.30%

2024/9/6

Stock price fell after Trump's economic vision speech

-8.50%

2024/10/11

Stock price fell after the "We, Robot"event

-8.80%

2024/10/24

Q3 2024 earnings report released,

21.90%

2024/11/6

Stock price rose after Trump's election victory

14.80%

2024/12/11

Tesla reached a new all-time high for the first time in three years,

5.93%

2024/12/16

Price target raised to $515 by institutions,

6.14%

Looking ahead to 2025, do you believe that $Tesla Motors(TSLA)$ 's stock price may become even crazier with the continued interest rate cuts by the Federal Reserve?

  1. Goldman Sachs analyst Mark Delaney pointed out that investors are more concerned about Tesla's artificial intelligence (AI) opportunities. Tesla uses AI technology to train cars to achieve autonomous driving and plans to launch its autonomous taxi service by the end of 2025.

  2. Some investors and analysts expect that the Trump administration may cancel existing subsidies and tax incentives to promote electric vehicle sales, which may reduce overall demand in the electric vehicle market, but help improve Tesla's competitiveness because small and medium-sized competitors that rely on subsidies may face cost pressures.

  3. The high tariffs imposed by the United States on imported electric vehicles from China may help Tesla avoid competitive pressure from this market and further consolidate Tesla's market position.

  4. Tesla plans to launch more "affordable" models in the first half of 2025, priced below $30,000, and these plans may continue to have a positive impact on Tesla's stock price.

Questions For Tigers

Do you still hold $Tesla Motors(TSLA)$ ? Is your faith still there? Welcome to post your winning trades or share your investment expectations and insights.

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  • Shyon
    ·12-17
    TOP
    Yes, I still hold $Tesla Motors(TSLA)$ $Direxion Daily TSLA Bull 1.5X Shares(TSLL)$ and my faith in the company remains strong. The stock’s recent surge, fueled by positive developments like Musk's successful compensation plan, the launch of new models, and advancements in AI and autonomous driving, reaffirms my bullish stance. Tesla’s ongoing innovations in areas like humanoid robots, robotaxi services, and its AI supercomputing system point to a bright future. Additionally, the market’s optimism regarding the potential impact of continued interest rate cuts and the favorable macroeconomic environment under Trump’s administration adds to my confidence in the stock. With the company’s strategic focus on affordable models and growing global market presence, I expect Tesla's stock to continue its upward trajectory. I believe holding Tesla is still a strong investment decision.

    @Tiger_Contra @TigerStars @Tiger_comments @TigerGPT

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    • ShyonReplying toELI_59
      Thanks for support hehe
      12-19 18:48
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    • ELI_59Replying toShyon
      Thanks for sharing 🥰😍 Happy Trading ahead 💰💰💰🌈🌈🌈
      12-18
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    • TigerGPT

      Based on the available information and analysis, here are some key points regarding your investment in Tesla Motors (TSLA):

      Positive Developments: Tesla's stock surge has been fueled by several positive developments, including Elon Musk's successful compensation plan, the launch of new models, and advancements in AI and autonomous driving.

        

      Ongoing Innovations: Tesla's innovations in areas like humanoid robots, robotaxi services, and its AI supercomputing system indicate a promising future for the company.

        

      Market Optimism: The market remains optimistic about the potential impact of continued interest rate cuts and the favorable macroeconomic environment under the previous Trump administration.

        

      Strategic Focus: Tesla's strategic focus on affordable models and expanding its global market presence is expected to contribute to its upward trajectory.

        

      Based on this assessment, it seems that you still hold a bullish stance on Tesla and believe that it is a strong investment decision. However, it is important to note that investing in stocks carries risks, including market volatility and unforeseen events that may impact the company's performance.

      Please keep in mind that the information provided here is for reference purposes only and should not be considered as investment advice. It is always recommended to conduct thorough research and consult with a financial advisor before making any investment decisions.

      If you need further assistance or have any more specific questions, feel free to ask.

      12-17
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  • icycrystal
    ·12-19 18:20
    TOP

    so glad $Tesla Motors(TSLA)$ is surging. hope it'll stay this way...

    On December 16th, 2024, $Tesla Motors(TSLA)$ 's stock price rose by another 6.14%, quoted at $463.19, and continued to rise after the market.

    @GoodLife99 @LMSunshine @koolgal @Shyon @Aqa @Universe宇宙 @rL @SPACE ROCKET @HelenJanet @TigerGPT

    Do you still hold $Tesla Motors(TSLA)$ ? Is your faith still there? Welcome to post your winning trades or share your investment expectations and insights.

    All valid comments will receive 5 Tiger Coins, and the TOP 5 most liked high-quality comments will receive another 10 Tiger Coins.

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    • TigerGPT

      特斯拉(Tesla Motors)是一家全球知名的电动汽车制造商和可再生能源公司。该公司为全球市场提供创新的电动汽车产品,并在可再生能源领域推动创新和发展。特斯拉的使命是加速世界向可持续能源和交通转型。

      以下是对特斯拉股票的分析:

      公司业务和行业发展:特斯拉在电动汽车行业拥有领先地位,并在可再生能源领域有重大投资。随着全球对电动汽车需求的增长和政府对清洁能源政策的支持,特斯拉有望在未来继续扩大市场份额。

        

      最新盈利情况和未来盈利预测:根据最新财报数据,特斯拉在2024财年实现了每股盈利2.49美元,预测2025财年每股盈利为3.28美元,预测2026财年每股盈利为4.06美元。这表明公司未来有望实现盈利增长。

        

      资金流动和股价趋势:近期资金流动数据显示,特斯拉的资金流入和流出存在波动。目前,特斯拉的支撑价格为256.11美元,阻力价格为458.11美元。最新股价为440.13美元。

        

      分析师观点和目标价格:根据45家机构的预测,特斯拉的平均目标价格为278.16美元,最低目标价为24.86美元,最高目标价为515.0美元。分析师对该股票的看法大多是买入或持有。

        

      最新利好和利空消息:请通过相关新闻搜索功能获取特斯拉股票的最新利好和利空消息,以了解对股价和未来增长的影响。

        

      请注意,以上分析仅供参考,不能被视为投资建议。股市存在风险,股价可能会波动。在做出投资决策之前,请您独立思考并评估您的风险承受能力和投资目标。

      12-19 18:21
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  • EV_Dig
    ·12-17
    Join to comment in the post and win at least 5 Tiger Coins, and the TOP 5 most liked high-quality comments will receive another 10 Tiger Coins.
    Questions for Tigers:
    Do you still hold $Tesla Motors(TSLA)$ ? Is your faith still there? Welcome to post your winning trades or share your investment expectations and insights.
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  • Do you still hold $Tesla Motors(TSLA)$ ? Is your faith still there? Welcome to post your winning trades or share your investment expectations and insights.
    All valid comments will receive 5 Tiger Coins, and the TOP 5 most liked high-quality comments will receive another 10 Tiger Coins.
    Reply
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  • 4M65
    ·12-17
    $Tesla Motors(TSLA)$ You really break my heart time and time again. Bought and sold, then bought and sold. Not going to buy again. Good luck!
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  • VonKoh
    ·12-17
    Is the parabolic rise really sustainable? Sell on facts, Buy on rumour/speculation...
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  • Aqa
    ·12-19 23:06
    Still bullish with $Tesla Motors(TSLA)$ up, up, up! Thanks for sharing @icycrystal @Tiger_comments
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  • ELI_59
    ·12-18
    Thanks for sharing 😘 Happy Trading 💰💰💰🌈🌈🌈
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  • Francislch
    ·12-17
    🚀
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