💰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:
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.
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.
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:
Shanghai Megapack factory began to deliver products.
Model Y new model launched.
Fully automatic driving (FSD) function launched in China and Europe.
Model Q model released.
Robotaxi (autonomous driving taxi) service launched.
FSD function authorized to other companies or individuals.
Optimus robot began to be put into use in the factory.
Robotaxi service was approved by federal regulations.
Musk's new compensation plan appeal was successful.
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?
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.
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.
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.
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
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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.
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.
All valid comments will receive 5 Tiger Coins, and the TOP 5 most liked high-quality comments will receive another 10 Tiger Coins.