Tesla stock surged 6.4% on potential $400 million contract with State Department, but doubts exist.

From Nasdaq: 2025-02-13 11:46:05

Tesla (NASDAQ: TSLA) stock surged 6.4% on Thursday, outperforming the S&P 500 and Nasdaq. Reports suggested a $400 million State Department contract for armored vehicles, but doubts have arisen. Analysts remain bullish, with Wedbush’s Daniel Ives forecasting a $550 price target, citing potential gains from federal programs and AI.

Investing $1,000 in 10 top stocks now could yield significant returns. Tesla’s potential $400 million contract for armored EVs with the State Department may not materialize. CEO Elon Musk denied the deal, but analysts like Daniel Ives see long-term growth catalysts, pushing Tesla’s valuation to $1.15 trillion. Consider potential lucrative opportunities with expert “Double Down” stock recommendations.

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