Tesla is in the spotlight after CEO Elon Musk asked Twitter to cast a vote on a share sale. Bulls may take heart from a bullish call from Jefferies analysts.
As U.S. stocks continue to stake out new highs ahead of the holidays, some say it’s beginning to look a lot like a meltup out there. With a patient Fed and TINA , what could go wrong?
Meanwhile, Jefferies analyst Philippe Houchois on Monday lifted his Tesla price target to $1,400 a share — the highest on Wall Street — from $950 in a note to clients. Here’s the crux of Houchois’ view and our call of the day where he lays out how legacy auto makers are struggling to catch up to Tesla:
Tesla is also reaching a point where it can “balance affordability and speed, goals which are as important as profitability in Elon Musk’s vision,” said the analyst. U.S.-listed Chinese education companies Gaotu Techedu GOTU, +0.35% and New Oriental Education & Technology EDU, +0.49% are surging on a report in The Wall Street Journal that China plans to issue licenses to companies to offer after-school tutoring.
Elon Musk’s brother Kimbal sold 88,500 Tesla shares on Friday, according to a Securities and Exchange Commission filing. Trans-Atlantic routes between the U.S. and 30 countries officially reopen on Monday. And as COVID vaccines for younger kids roll out in the U.S., one of the world’s oldest six-year-olds tweeted his encouragement:
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