Tesla stock hits new high of $465.33 after strong year, cautious retail ahead of Q4 report.

From StockTwits: 2024-12-31 06:02:35

Tesla stock soared to an all-time peak of $465.33 after a strong finish to the year, despite a recent 10.7% pullback. The forward price-earnings ratio remains high at 121.95, with premarket trading showing signs of bargain hunting. Tesla is recalling 77,650 vehicles in China due to a tire pressure monitoring system issue, with over-the-air upgrades offered for free. Analysts expect the upcoming fourth-quarter deliveries report to meet consensus, but it may not impact the stock significantly. The removal of EV subsidies under the incoming Trump administration could affect sales, while full self-driving software development could be a key driver for Tesla in the future. Retail sentiment on Stocktwits remains neutral, with Tesla shares currently trading at $423.94, up 68% for the year.



Read more at StockTwits: Retail Cautious Ahead Of Q4 Deliveries Report