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Esha DeyFortune |
Shares in the electric vehicle maker have soared 31% since Trump’s decisive win, leaving analysts’ price targets in the dust.
Shares closed up 8.2% at $321.22 Friday, taking their gains this year to 29%, and Tesla’s market value to about $1.03 trillion.
"We are not positioning for an outcome in the election because it is a coin flip. It does not make sense to make a bet."
Earnings for S&P 500 companies, excluding the Magnificent Seven, are set to grow 7.4% in the second quarter, after five straight quarters of declines.
David Baron said he would be "very surprised" if the planned Model 2 is taken off the table.
Amid an EV price war, Rivian dropped as much as 8.7% to $9.38, slipping below the psychologically key $10 level for the first time since it went...
“Right now, the market is voting and telling us that it believes Tesla does not currently deserve that high valuation,” said Adam Sarhan, founder...
Wells Fargo analyst Colin Langan highlighted that sales volumes rose only 3% in the second half of 2023, while prices fell 5%.
Tesla investors haven't had this bad of a stretch in a while
The valuation hit is the biggest ever for Tesla, dinged by price cuts in China and Hertz’s EV sale.
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