Why Tesla Stock Keeps Going Up
Tesla (NASDAQ: TSLA) stock continued putting pedal to metal as stock markets reopened for business Monday. Through 12:20 p.m. ET, the electric car leader gained 7.3%, bringing total gains since Donald Trump won reelection (with Elon Musk's support) to a staggering 37%.
Oh, and Tesla is a trillion-dollar company again -- $1.1 trillion, to be precise.
Today's gains owe in part to growing enthusiasm for Tesla stock on Wall Street. Specifically, investors seem to be reacting to a new price target hike from investment bank Wedbush. According to reports, Wedbush analyst Daniel Ives just raised his price target on Tesla stock to $400 -- a 33% increase.
Source Fool.com
Tesla Inc Stock
€390.50
-5.140%
Currently there is a rather positive sentiment for Tesla Inc with 112 Buy predictions and 40 Sell predictions.
As a result the target price of 408 € shows a slightly positive potential of 4.48% compared to the current price of 390.5 € for Tesla Inc.
