From Nasdaq: 2024-11-14 02:29:33

Tesla (NASDAQ:TSLA) stock surged 9% to $350 per share, up nearly 40% since the election. Market cap exceeded $1.1 trillion, up $300 billion in a week. Investors optimistic about Tesla under Trump, driven by Elon Musk’s ties. While some gains from short covering, long-term potential seen with Trump presidency.

TSLA stock volatile: 50% return in 2021, -65% in 2022, 102% in 2023, and 44% YTD in 2024. High Quality Portfolio, less volatile and outperforms S&P 500 annually. Provides better returns with less risk. HQ Portfolio performance metrics showcase steady growth compared to TSLA’s roller-coaster trend.

Tesla benefits from Trump despite no direct grants. Tax credits and emission revenue incentives transcend all automakers. Tesla could thrive under Trump’s favorable regulations, low-cost EV production, and free market environment. Trade policies, tax cuts, and AI regulations could bolster Tesla’s market position and growth under Trump’s administration.

Tesla faces challenges amid cooling EV demand and competition. Revenue projected to grow 3% in 2024. Aging product lineup, fierce competition, and market saturation pose hurdles. Price cuts to stimulate demand have waned. Automotive margins dropped to 16%, valuation remains high at 100x estimated 2025 earnings. Growth must accelerate for Tesla to meet rich valuation.

Tesla stock valued at $240 per share, below market price. 1. The stock market hit record highs today, with the Dow Jones Industrial Average reaching 35,000 for the first time ever. This marks a significant milestone in the recovery of the economy following the impact of the COVID-19 pandemic.

2. In other news, the unemployment rate dropped to 5.9% in June, a decrease from the previous month. This is a positive sign for the job market as more people are returning to work and businesses are starting to hire again.

3. The housing market continues to boom, with home prices increasing by 13.2% in the past year. Low mortgage rates and high demand are driving this trend, making it a seller’s market for those looking to buy or sell a home.

4. The Federal Reserve announced that it will keep interest rates near zero for the time being, in an effort to support the economic recovery. This move is expected to help stimulate borrowing and spending, which are key drivers of economic growth.



Read more at Nasdaq: Trump Boosts Tesla, But Risks Loom