Why "Magnificent Seven" Stocks Meta and Amazon Rallied Today, While Tesla Stock Tapped the Brakes
Since the beginning of last year, the group of stocks collectively referred to as the "Magnificent Seven" has helped push the market higher. The combination of industry-leading positions and connections to artificial intelligence (AI) has made this group of high-profile stocks a must-have for many investors. However, since the beginning of 2024, there's been a divergence, and while some members continue to pull their weight, others have fallen short.
With that as a backdrop, social media maven Meta Platforms (NASDAQ: META) climbed 3.1%, e-commerce and cloud pioneer Amazon (NASDAQ: AMZN) rose 3.1%, and electric vehicle (EV) specialist (NASDAQ: TSLA) tumbled 1.9%, as of 1:45 p.m. ET.
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Source Fool.com
Tesla Inc Stock
€164.56
0.690%
Our community is currently high on Tesla Inc with 55 Buy predictions and 25 Sell predictions.
With a target price of 250 € there is a hugely positive potential of 51.92% for Tesla Inc compared to the current price of 164.56 €.
