Tesla stock reaches all-time high due to strong sales in China and positive analyst predictions.

From Nasdaq: 2024-12-12 08:00:00

Tesla’s stock soared to record highs at $424.77, up 69% since Trump’s win. Strong sales in China with 73,000 units sold in November drove the surge. Analysts predict deregulation benefits for Tesla’s AV business. Despite competition from Waymo, analysts raise price targets, but Tesla still faces challenges and weaknesses. Consider Tesla-heavy ETFs for diversified exposure or Tesla option income strategies for reduced risk.

Investors are considering Tesla-heavy ETFs like NITE, XLY, and ARKQ for exposure to the carmaker while managing risk. Tesla option income strategies like TSLY and TSLP offer current income and exposure to Tesla stock with limits on potential gains. For a more bullish approach, consider ETFs like TSLL, TSLT, TSLW, and TSL for leveraged exposure to Tesla’s stock price movements.



Read more at Nasdaq: Tesla Stock Hits All-Time High: ETFs to Ride the Momentum