On 10/24/24, Tesla Inc (NASDAQ: TSLA) stock enjoyed a major increase of 21.9%, closing at $260.48. Moreover, this advance was accompanied by exceptionally high trading volume at 261% of normal. The stock has risen 17.7% during the last week and has been exceptionally strong relative to the market over the last nine months.
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 C (High Neutral). 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 43 but a good Power Rating of 76, resulting in the High Neutral Value Trend Rating.
Rating Review
In light of this very positive price change we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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