) rose as much as 1.1% in early trading on Friday, putting shares on track to extend their longest winning streak in over a year and continue as a market leader.— and a nearly 40% rise in the last month — the stock is nearing breakeven for 2024 after falling as much as 40% year to date as of mid-April.
"The key for Tesla's stock is the Street recognizing that Tesla is the most undervalued AI play in the market," Wedbush managing director Dan Ives wrote in a note this week as he raised his price target on the stock to $300 from $275 with a new bull case of $400 for 2025. Elon Musk’s Tesla recoups all its year-to-date losses after adding a staggering $150bn in market cap in just 3 days: ‘Worst is in the rear view mirror’
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more: