Tesla stock has soared over the last month as the EV maker's poor 2024 has turned around following excitement for its robotaxis, its AI exposure, and better ...
) 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’
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