What’s Behind Tesla Stock’s (NASDAQ:TSLA) Surge, And Is It Justified? (2024)

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e=r.searchBoxForm.querySelector("[name=fr]"),n=r.searchBoxForm.querySelector("[name=fr2]");e&&r.config.searchBox&&r.config.searchBox.params&&r.config.searchBox.params.fr&&(e.value=i.searchBox.params.fr,e.disabled=!1),n&&r.config.searchBox&&r.config.searchBox.params&&r.config.searchBox.params.fr2&&(n.value=i.searchBox.params.fr2,n.disabled=!1),r.searchBoxForm.submit()}}),1e3)},r.recognition.onspeechstart=function(){},r.recognition.onspeechend=function(){r.recognition.stop()},r.recognition.onerror=function(){r.speechText&&(r.speechText.innerText=r.i18n.t("search.voice.recognition_error")),r.hideTrending(r),r.showRetryLink(r),r.errorAudio.play()},r.recognition.onaudiostart=function(){r.speechButtonContainer&&r.speechButtonContainer.classList.add("listening")},r.recognition.onaudioend=function(){r.speechButtonContainer&&r.speechButtonContainer.classList.remove("listening")},r.recognition.onsoundstart=function(){r.hideTrending(r),r.noSpeech=!1,r.speechButtonContainer&&(r.speechButtonContainer.classList.remove("listening"),r.speechButtonContainer.classList.add("speaking"))},r.recognition.onsoundend=function(){r.speechButtonContainer&&r.speechButtonContainer.classList.remove("speaking")},r.recognition.onstart=function(){r.recognitionInit(r),r.startRecognition(r)},r.recognition.onend=function(){r.isRecognitionStart=!1,0==r.noSpeech&&""==r.speechResult&&(r.speechText&&(r.speechText.innerText=r.i18n.t("search.voice.recognition_nomatch")),r.hideTrending(r),r.showRetryLink(r),r.errorAudio.play())},document&&document.dispatchEvent&&document.dispatchEvent(new Event("VOICE_JS_READY"))}}o.I18n=m,o.prototype.renderPermissionGuide=function(e){var n='\n

    \n

    \n

    \n

    \n

    \n

    \n

    \n

    '.concat(e.i18n.t("search.voice.permission_title"),'

    \n

    ').concat(e.i18n.t("search.voice.permission_text"),"

    \n

    \n

    \n

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    \n

    \n

    \n

    \n

    \n

    \n \n \n \n \n \n \n

    \n

    \n

    \n \n \n '.concat(e.i18n.t("search.voice.recognition_retry"),'\n

    \n

    \n

    \n

    \n

    \n

    \n ').concat(e.i18n.t("search.voice.trending_title"),'\n \n

    \n

    \n

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e)&&("SpeechGrammarList"in e||"webkitSpeechGrammarList"in e)}}],d=0;d0){var n=e.speechResult.charAt(e.speechResult.length-1);"."!==n&&"?"!==n&&"。"!==n&&"?"!==n||(e.speechResult=e.speechResult.slice(0,-1))}},o.prototype.sendBeacon=function(n,t){var o=e.YAHOO.ULT||{},i=e.YAHOO.SB||{};if(o.beacon_click){var r={_S:i.config.i13n.spaceid,_I:i.config.i13n.pvid,actn:n,sec:"search",slk:t};e.YAHOO.ULT.beacon_click(r)}},o.prototype.ajaxReq=function(t,o){var i,r,a=XMLHttpRequest.DONE||4,s=new XMLHttpRequest;if(n.documentMode&&n.documentMode<10)return(new e.XDomainRequest).onload=function(){try{r=JSON.parse(i),o(r)}catch(e){return}},s.open("GET",t),void s.send();s.onreadystatechange=function(){if(s.readyState===a)if(200===s.status){i=s.responseText;try{r=JSON.parse(i),o(r)}catch(e){return}}else o(r)},s.open("GET",t,!0),s.timeout=1e4,s.send()},e.YAHOO||(e.YAHOO={}),e.YAHOO.Util||(e.YAHOO.Util={}),e.YAHOO.Util.VoiceSearch=o}(window,document)}();var Wn={containerClass:Un.tooltip,textClass:Un.tooltip__text,showClass:Un["tooltip--show"]},Jn=["zh-hant-tw","zh-hant-hk"];ye("ybar-mod-searchbox",(function(e){var n={ybar:document.getElementById("ybar"),searchInput:document.getElementById("ybar-sbq"),buttonBar:document.querySelector(".".concat(Un["sa-btn-bar"])),voiceSearchBtn:document.getElementById("ybar-sbq-voice"),searchForm:document.getElementById("ybar-sf"),searchBoxIcon:document.querySelector(".".concat(Un["searchbox-icon-uh3"])),searchBoxPlaceholder:document.getElementById("ybar-smartphone-searchbox-placeholder"),searchBoxBackButton:document.getElementById("ybar-search-back-btn"),shopsButtonsWrap:document.querySelector(".".concat(Un["shops-buttons"])),categorySelect:document.getElementById("shops-category-select"),selectedMerchantInput:document.getElementById("selected-merchant-input"),selectedMerchantClearButton:document.querySelector(".".concat(Un["selected-merchant-clear-button"])),submitSearchBtn:document.getElementById("ybar-search"),clearSearchBtn:document.getElementById("ybar-sbq-x")};!function(e,n){var t,o,i,r=e.getConfig();if(n.ybar&&"desktop"===r.device&&(null===(t=r.bucketConfig)||void 0===t?void 0:t.highlight_searchassist)&&(null===(o=r.bucketConfig)||void 0===o?void 0:o.overlay_class)){n.ybar.setAttribute("data-ovrly-bkt",r.bucketConfig.overlay_class),null===(i=n.searchForm)||void 0===i||i.classList.add(Un[r.bucketConfig.overlay_class]);var a=document.createElement("div");a.classList.add(Un.overlay,Un[r.bucketConfig.overlay_class]),document.body.appendChild(a),e.onDestroy((function(){document.body.removeChild(a)})),e.addElementListener(n.searchForm,"focusout",(function(e){if(n.searchForm&&n.searchInput){var t=e.relatedTarget;t&&!n.searchForm.contains(t)&&window.YAHOO.SA&&window.YAHOO.SA.apps&&window.YAHOO.SA.apps[0]&&window.YAHOO.SA.apps[0].view.shown&&window.YAHOO.SA.apps[0].view.hide()}}))}}(e,n),zn(e,n),n.voiceSearchBtn&&function(e,n){var t=e.getConfig(),o=t.locale,i=function(){var e,t;(null===(t=null===(e=window.YAHOO)||void 0===e?void 0:e.Util)||void 0===t?void 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    What’s Behind Tesla Stock’s (NASDAQ:TSLA) Surge, And Is It Justified? (2024)

    FAQs

    What’s Behind Tesla Stock’s (NASDAQ:TSLA) Surge, And Is It Justified? ›

    A Resurgent Tesla

    Why is Tesla stock increasing? ›

    Company and economic data are boosting hopes for a so-called Goldilocks scenario that can benefit Tesla and other auto makers. The market jumped after better-than-expected jobless claims and retail sales data.

    Why is Tesla stock shooting up? ›

    The trading pattern has worked in the past, essentially, because the market bid up Tesla stock ahead of significant improvement. This time, a rebound in EV sales, Elon Musk's recommitment to his EV company, and artificial intelligence opportunities have investors buzzing.

    What is the prediction for Tesla stock? ›

    Based on 36 Wall Street analysts offering 12 month price targets for Tesla in the last 3 months. The average price target is $208.98 with a high forecast of $310.00 and a low forecast of $24.86. The average price target represents a -9.92% change from the last price of $232.00.

    Is Tesla a buy or sell stock? ›

    Is Tesla stock a Buy, Sell or Hold? Tesla stock has received a consensus rating of buy. The average rating score is and is based on 50 buy ratings, 27 hold ratings, and 15 sell ratings.

    Why is Tesla surging? ›

    Tesla (TSLA) shares surged Tuesday to their highest levels since January following the release of second-quarter production and delivery numbers that surpassed analysts' expectations. Telsa was the biggest gainer on the S&P 500 for the second consecutive day Tuesday, with shares rising 10.2% to close at $231.26.

    Why is Tesla stock rallying? ›

    Key Takeaways. Tesla shares surged 27% last week, boosted by a better-than-expected second-quarter deliveries report and building anticipation ahead of the company's Robotaxi Day next month.

    Why are Tesla shares crashing? ›

    Falling sales and rising costs is not usually a recipe for strong profits, and this proved true for Tesla, too. The company's operating profit margin shrank by more than a third, to 6.3%. Operating profits fell one-third to $1.6 billion. Net profits cratered -- down 45%.

    What is the stock price prediction for Tesla in 2024? ›

    Analysts expect a robust increase in revenue, potentially reaching $127.61 billion, with EPS rising to $3.87. The stock price predictions for 2024 and 2025 vary widely, reflecting the mixed outlook. For 2024, end-of-year target prices range from $170 to $233, while for 2025, they range from $128 to $786.

    What is the stock market prediction for Tesla in 2025? ›

    Tesla stock forecast 2025

    Projected earnings in 2025 are $3.39 per share, a slight increase over the 2024 forecast. The revenue forecast for 2025 is $115.7 billion, a 17.8% increase from the 2024 projection. Making long-term predictions for individual stock prices is very difficult.

    Who owns the most shares in Tesla? ›

    Elon Musk owns the most shares of Tesla (TSLA).

    Does Tesla pay dividends? ›

    Tesla has never declared dividends on our common stock. We intend on retaining all future earnings to finance future growth and therefore, do not anticipate paying any cash dividends in the foreseeable future.

    Is Apple a buy right now? ›

    Apple has a consensus rating of Moderate Buy which is based on 22 buy ratings, 9 hold ratings and 1 sell ratings. What is Apple's price target? The average price target for Apple is $249.46. This is based on 32 Wall Streets Analysts 12-month price targets, issued in the past 3 months.

    What are the best stocks to invest in in 2024? ›

    Best S&P 500 stocks as of September 2024
    Company and ticker symbolPerformance in 2024
    Nvidia (NVDA)141.0%
    Vistra (VST)121.8%
    Howmet Aerospace (HWM)78.6%
    General Electric (GE)71.2%
    6 more rows

    Is Tesla profitable in 2024? ›

    The second quarter's setback comes after Tesla reported a 55 percent drop in profit and 9 percent decline in revenue in the first three months of 2024. The company is facing increasing competition as other manufacturers have ramped up production of electric models.

    What are good stocks to buy today? ›

    Stocks
    SymbolPriceChange %
    TSLA Tesla, Inc.243.24 +16.04 (+7.06%)+7.06%
    NIO NIO Inc.5.34 +0.32 (+6.47%)+6.47%
    INTC Intel Corporation21.35 +0.58 (+2.82%)+2.82%
    SOFI SoFi Technologies, Inc.8.19 +0.09 (+1.05%)+1.05%
    21 more rows

    Will Tesla go up after earnings? ›

    For Tesla, current options pricing implies shares will move roughly 9%, up or down, following earnings. That is in line with recent reactions to Tesla's earnings.

    Did Tesla shares climb again Wednesday this time as analysts raised their price targets? ›

    Key Takeaways

    Tesla shares surged again Wednesday as analysts raised price targets for the stock after second-quarter deliveries beat expectations. Tesla shares are approaching their highest point of the year, and have risen almost 25% this week alone.

    Why does Tesla's newest stock market bull say the company is simply without peers? ›

    In Gengaro's view, Tesla has no peers in the electric-vehicle business: “There simply are no direct comps.” He said that's because legacy carmakers don't have the requisite technology know-how in EVs, and they're way behind in the electrification game.

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