Tesla Inc (NASDAQ: TSLA) stock enjoyed a major increase of 10.2% on 7/2/24. The shares closed at $231.26. Moreover, this advance was accompanied by exceptionally high trading volume at 234% of normal. The stock has been extremely weak relative to the market over the last nine months but has risen 26.7% during the last week.
Current PriceTarget Research Rating
TSLA is expected to continue to be an important Value Builder reflecting capital returns that are forecasted to be above the cost of capital.
Tesla has a current Value Trend Rating of F (Lowest Rating). The Value Trend Rating reflects inconsistent signals from PTR’s two proprietary measures of a stock’s attractiveness. Tesla has a neutral Appreciation Score of 44 but a very low Power Rating of 5, triggering the Lowest Value Trend Rating.
Rating Review
In light of this very positive price change we are reviewing our current Overall Rating of F. This review will be completed in the next several days.
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