Tesla stock rises after strong Q3 earnings and positive CEO support for Trump.

From NASDAQ: 2024-12-12 08:40:28

Tesla (NASDAQ: TSLA) stock saw a rise after strong Q3 earnings and CEO Elon Musk’s support for Donald Trump. Reports suggest a budget EV model is on the way. Analyst Adam Jonas raised Tesla’s price target to $400, calling it a “top pick” in the auto sector.

Tesla’s stock has doubled post-Q3 earnings but faces high valuation and slowed growth. The success of its autonomous vehicle efforts will be crucial. Patient investors may see benefits, as the Cybercab isn’t set for production until 2026.

Experts suggest a “Double Down” stock recommendation for potential high returns. Past investments in Nvidia, Apple, and Netflix show significant growth. Three new companies are highlighted for potential success. Time may be running out for this opportunity.



Read more at NASDAQ: 1 Wall Street Analyst Just Called Tesla a Top Pick. Is it a Buy Now?