Tesla, TSLA and Elon Musk
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Due to Tesla's innovation and diversification, 24/7 Wall St. sees strong upside potential for the stock by the end of the decade.
We recently published a list of Investors Are Gobbling Up Shares of These 10 Firms. In this article, we are going to take a look at where Tesla, Inc. (NASDAQ:TSLA) stands against other top-performing companies on Tuesday.
The robotaxi concept and the FSD that powers it are potentially a huge earnings driver for Tesla. One of Tesla's most vocal and visible supporters, Cathie Wood's Ark Invest, which expected a valuation of $2,600 per share for Tesla in 2029, relies on a model that prescribes 88% of the company's value from robotaxis, compared to just 9% from EVs.
Lululemon Athletica (NASDAQ:LULU) faces negative views due to weakening fundamentals, leading to a valuation downgrade. Analysts also spotlight Microsoft Corporation (NASDAQ:MSFT) and LinkedIn’s role in its revenue growth,
Tesla, Inc. (NASDAQ:TSLA) is one of the 15 AI Stocks Making Waves on Wall Street. On June 11, Piper Sandler reiterated the stock as “Overweight” with a $400 price target. The firm said it sees more Tesla upside on robotaxi deployment.
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Why Tesla (TSLA) Stock Is Trading Up TodayWhat Happened? Shares of electric vehicle pioneer Tesla (NASDAQ:TSLA) jumped 6.1% in the afternoon session after CEO Elon Musk and President Donald Trump appeared to de-escalate their recent tensions.
Musk’s recent fallout with President Donald Trump adds to the uncertainty. Their dispute over a GOP tax bill that removes EV tax credits contributed to a 14% drop in Tesla’s stock, wiping out $150 billion in market value in a day.
Tesla, Inc. (NASDAQ:TSLA) is one of the 10 AI Stocks on Wall Street’s Radar. On June 10, Wells Fargo reiterated an “Underweight” rating on the stock with a $120 price target. The firm is sticking with its underweight rating,