The digital media technologist has already staged a solid recovery from the earnings-based plunge, but where will it go from here? Read More...
Motley Fool
Here’s Why Tesla Stock Popped Today
The stock of Tesla (NASDAQ: TSLA) jumped today after Canaccord analyst George Gianarikas raised his price target for the electric vehicle company’s shares and after the Senate passed the Inflation Reduction Act, which could give some electric vehicle (EV) sales a boost. Gianarikas raised his price target for Tesla’s shares to $881, up from his previous price target of $815, and kept a buy rating on the stock today. The analyst believes that Tesla has a built-in advantage over other EV makers because of the company’s lead in manufacturing, its ability to procure EV materials, as well as its autonomous vehicle technology, according to TheFly.com.
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