Tesla Inc (NASDAQ: TSLA) stock closed at $288.53 on 11/6/24 after a major increase of 14.8%. Moreover, trading volume in this advance was exceptionally high at 202% of normal. Relative to the market the stock has been exceptionally strong over the last nine months and has risen 11.2% 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 C (High Neutral). This rating combines contradictory signals from two proprietary PTR measures of a stock’s attractiveness. Tesla has a slightly negative Appreciation Score of 37 but a good Power Rating of 79, with the High Neutral Value Trend Rating the result.
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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