why tesla stock is going up today

The market value of EV leader Tesla has surged by nearly $300 billion in just the past month. Teslas stock price was essentially flat for several years after the 2010 IPO. The company is trying to perfect its full self-driving technology and build vehicles for driverless taxi service. But Tesla stock steadily consolidated its gains. The central bank kept borrowing costs on hold at its meeting this week, snapping a series of 10 consecutive increases aimed at taming inflation that hit 40-year highs in 2022. The most significant piece of current news flow is a price target increase from US investment bank Jefferies, which raises the price target for Tesla to $950 from $850, a nice even $100 raise . Tesla has been battling rising competition in China by cutting vehicle prices, but Musk has said there is more to that strategy than just fighting near-term competition. Since the sudden growth in 2013 Tesla's stock price history has been one of extreme volatility. Today's Change (1.81%) $4.64 Current Price $260.54 Price as of June 16, 2023, 4:00 p.m. In other words, a move like this could create more awareness and demand for EVs overall, leading to accelerated growth for Tesla. The Motley Fool has positions in and recommends Tesla. Copyright Its notable that Lipsch would cite Teslas growing international electric vehicle (EV) market presence. Compared to the opening price on Thursday 06/15/2023 on NAS of $259.21, this is a gain of 0.51%. Go Tesla . The Motley Fool recommends General Motors and recommends the following options: long January 2025 $25 calls on General Motors. Tesla beat analysts' consensus earnings estimate for the quarter. Remove all Compare with up to 5 Stocks On Thursday 06/15/2023 the closing price of the Tesla share was $260.54 on NAS. Founded in 1993 by brothers Tom and David Gardner, The Motley Fool helps millions of people attain financial freedom through our website, podcasts, books, newspaper column, radio show, and premium investing services. Stock Prediction System Revealed June 20th. Cost basis and return based on previous market day close. Larry began writing columns for InvestorPlace in 2015. That is one obvious area for Tesla to profit from AI. 13 Days and Counting: Inside Tesla Stock's Ridiculous Winning Streak. For the period, the companys EBITDAalso jumped 32% year-over-year (YOY) to $5.4 billion. "Tesla aspires to be as helpful as possible to other car companies. The shares surged 26% in June alone, rebounding a stunning 68% from late-April lows, to Wednesday's closing level of $256.79. But Wood also thinks that AI being used for Tesla's humanoid robot project called Optimus could bring huge future profits for Tesla. Wondering if there was sufficient demand for Tesla electric cars, in a market that otherwise didn't seem to want them, to justify the monumental valuation. Micron Building Goodwill In Asia, Near $2 Billion Investment, Broadcom: All-Time Highs But Still Good Value, Leverage AI And Build A Fortress Portfolio With Adobe. You can reach him on Stocktwits at @larryramer. Analyst Sees Q2 Deliveries, Cybertruck Frenzy Boosting Stock, Analysis: Tesla's China expansion hits speed bump amid industry overcapacity, Investors are pouring money into Tesla as an AI bet, Teslas EV charging standard is becoming widely adopted, in another boost for the stock, The 2023 Bull Market For Tesla Began With A Key Reversal On January 6. With electric vehicles from GM and Ford adopting the connector to take advantage of Teslas Supercharger network, analysts believe that Tesla could start making billions of dollars in revenue per year from its charging business by the end of the decade. Youre reading a free article with opinions that may differ from The Motley Fools Premium Investing Services. Article printed from InvestorPlace Media, https://investorplace.com/2023/06/tsla-stock-alert-why-tesla-shares-are-revving-up-today/. Zoom Gets Into Hot AI Field. The Motley Fool has positions in and recommends Tesla. You have already added five stocks to your watchlist. Tesla Stock: Reasons to Worry or Reasons to Buy. Wall Street was losing the thread, however. Tesla (NASDAQ:TSLA) stock is jumping 10% this morning after the electric vehicle (EV) maker reported stronger-than-expected fourth-quarter results yesterday. Tesla CEO Elon Musk last week visited China for two days, marking his first trip to the Asian country in three years. Real-time analyst ratings, insider transactions, earnings data, and more. Get stock recommendations, portfolio guidance, and more from The Motley Fool's premium services. Invest better with The Motley Fool. risk, allowing investors to make better decisions and streamline their work ow. TSLA stock is heading higher today as investors celebrate a Tesla rating upgradecourtesy of Moodys Investors Service. Whats more, Teslas strong results and outlook indicated that worries about the economys health and the spending power of upper-end consumers may be way overdone. These 2 High-Growth Stocks Could Power the Bull Market's Next Record Run, Tesla's Energy Storage Business Is Growing Like Gangbusters, 2 Stocks That Could Create Lasting Generational Wealth, Tesla Earnings Drop 21% Driven By Price Cuts: 7 Metrics You Should See, 2 Stocks Down 90% and 95% You'll Wish You Had Bought on the Dip, Cathie Wood Goes Bargain Hunting: 3 Stocks She Just Bought, A Bull Market Is Coming: 1 Unstoppable Growth Stock to Buy and Hold, Join Over Half a Million Premium Members And Get More In-Depth Stock Guidance and Research, Motley Fool Issues Rare All In Buy Alert, Copyright, Trademark and Patent Information. Despite what critics may claim, it looks like Tesla (NASDAQ:TSLA) isnt junk or at least thats what analysts with Moodys are saying about its credit rating. You can reach him on Stocktwits at @larryramer. Shareholders have seen the stock rise recently from ongoing AI hype and its potential. To make the world smarter, happier, and richer. The fact that Tesla somehow gained access to the full tax credit on its base Model 3 also didnt hurt. Tesla quickly racked up 373,000 pre-orders for the vehicle, at $1,000 a pop. Existing GM EVs will require an adapter. His clients may own shares of the companies mentioned. Shares of Tesla (TSLA 1.81%) jumped higher by as much as 6% on that and other news to start the trading week. As of this writing, more than 9 million shares of the stock have already changed hands. Tesla has had a highly volatile stock price that has at times baffled investors. On a negative note, in the wake of Teslas recent price cuts, the companys EBITDA margin did drop slightly, inching down nearly a percentage point YOY. Who gets a break? The CEO also noted that the companys costs are dropping because production rates at its Berlin and Austin, Texas factories have surged. With the AI hype with Nvidia, Tesla being an AI company as well with FSD beta is also at the forefront of innovation. By clicking Sign up, you agree to receive marketing emails from Insider Musk recently poked fun at the legendary investor Bill Miller for shorting Tesla stock when it was less than half its current value. Tesla CEO Elon Musk recently completed a two-day visit to China. Updated June 13, 2023 5:07 pm ET / Original June 13, 2023 12:03 pm ET. (read more). Compared to the opening price on Thursday 06/15/2023 on NAS of $259.21,. Cathie Wood Trims Holdings in Tesla Stock (NASDAQ:TSLA); Will the Rally Hit a Pause? Sign up for our newsletter to get the inside scoop on what traders are talking about delivered daily to your inbox. We currently are seeing orders at almost twice the rate of production.. * Average Estimates in Million (e.g. *The average price target includes all analyst analysis, not just the most recent analysis presented in the chart. 1125 N. Charles St, Baltimore, MD 21201. To see all exchange delays and terms of use please see Barchart's disclaimer. It uses AI for its models to train software to drive vehicles. The post Why Is Tesla (TSLA) Stock Up Today? Making the world smarter, happier, and richer. Tesla launched its IPO on June 29, 2010. Elon Musk is making his first visit to China in three years, and investors like the implications of that. Dividend). What else do you think is contributing to Teslas stock run? Addressing the demand issue head on, CEO Elon Musk said the following during the earnings call: Thus far in January, weve seen the strongest orders year-to-date than ever in our history. "On a full-year basis, revenue increased over 50%, operating income doubled, free cash flow increased over 50%, and our margins remained industry-leading," Kirkhorn said. This move could accelerate mass-market adoption of electric vehicles, helping boost demand for Tesla. David Moadel has provided compelling content and crossed the occasional line on behalf of Motley Fool, Crush the Street, Market Realist, TalkMarkets, TipRanks, Benzinga, and (of course) InvestorPlace.com. Macro environment with inflation trending down, there's bullish sentiment that the Feds will pause rate hikes this week. In 2008, the carmaker had endured a near-death experience, and in the lead-up to the IPO and afterwards, it was selling only one car, the original Roadster. Learn More. Surely, investors want assurance that Tesla is a bona fide blue-chip company. View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Get Tesla News Delivered to You Automatically. contact@marketbeat.com Get the latest Tesla, Inc. (TSLA) stock news and headlines to help you in your trading and investing decisions. Image source: Getty Images. Tesla has faced challenges over the past 12 months, but it still has delivered significant returns over the last five years. So many more catalysts coming up with Cybertruck initial deliveries and possible FED lowering rates in the coming months. Could BurgerFi Be the Next Shake Shack Arising? Along with the Baa3 credit rating, Moodys also had some kind words for the company. balance sheet and inputs from the stock market. You can send tips on Twitter (DMs open) or via email: fred@9to5mac.com. Your password must be at least 8 characters long and contain at least 1 number, 1 letter, and 1 special character. Trading on the NASDAQ, Tesla offered 13.3 million shares at a price of $17 per share. Identify stocks that meet your criteria using seven unique stock screeners. Source: FactSet. As 2023 continues, investors who own TSLA stock or are thinking of taking a position should keep an eye on indications of EV demand for the company and Teslas ability to produce vehicles. These developments come after a China-based association reported that the deliveries of the firms China-made electric vehicles (EVs) had climbed in May versus April. View which stocks are hot on social media with MarketBeat's trending stocks report. Teslas robotaxi future sparks more optimism for its stock, Putting a number to Tesla's new Supercharger-for-all business, Single-Stock Tesla ETF Racing to Hit Billion-Dollar AUM, Investors are pouring money into Tesla because it's becoming an AI bet in addition to its status as the top EV name, Did You Know Teslas Can Fart? Tesla Inc. ($TSLA) Reacts Higher From The Blue Box Area. Beginning in 2025, however, GM EVs will be built with the North American Charging Standard (NACS) inlet, enabling them to connect without an adapter. TSLA News Today | Why did Tesla stock go up today? Laser breakthrough could send stock soaring 2,467% (Ad), BREAKING: Tiny biotech successfully treats blindness (Ad). That's why he wants to focus on volume, rather than profits, at this time. Daniel Sparks has no position in any of the stocks mentioned. The company operates through the following segments: Automotive and Energy Generation and Storage. The tech-heavy Nasdaq 100 index has climbed 12% since mid-May. The business plan at this point was for CEO Elon Musk and his team to keep the lights on long enough in order to roll out Tesla's first built-from-scratch car, the Model S sedan. This is significant for the company and its stakeholders. Cost basis and return based on previous market day close. What happened Tesla CEO Elon Musk recently completed a two-day visit to China. Investors were also likely happy with Tesla's vehicle deliveries, which increased 27% from the year-ago quarter, and the company's net income of $2.3 billion -- a huge increase of 98% year over year. Shareholder percentage totals can add to more than 100% because some holders are included in the free float. The Motley Fool has a disclosure policy. Founded in 1993 by brothers Tom and David Gardner, The Motley Fool helps millions of people attain financial freedom through our website, podcasts, books, newspaper column, radio show, and premium investing services. "Tesla is actually a phenomenon we have to talk about because I've actually never seen a stock. First of all, the fees collected from GM vehicles will help fund further growth of Tesla's Supercharger network. Stock Prediction System Revealed June 20th. Youre reading a free article with opinions that may differ from The Motley Fools Premium Investing Services. On the date of publication, Larry Ramer did not hold (either directly or indirectly) any positions in the securities mentioned in this article. Early forecasts from a breakthrough A.I. Here's Why You Should Take Warren Buffett's Advice on EV Stocks, Everyone Wants a Piece of Tesla These Days, 3 Stock-Split Stocks With 52% to 701% Upside, According to Wall Street, Tesla Stock: 1 Analyst Bets Shares Soar to $335, 2 Stocks Down 90% and 95% You'll Wish You Had Bought on the Dip, Cathie Wood Goes Bargain Hunting: 3 Stocks She Just Bought, A Bull Market Is Coming: 1 Unstoppable Growth Stock to Buy and Hold, Join Over Half a Million Premium Members And Get More In-Depth Stock Guidance and Research, Motley Fool Issues Rare All In Buy Alert, Copyright, Trademark and Patent Information. During a conference call with analysts, Chief Financial Officer Zach Kirkhorn highlighted Tesla's impressive operational performance in a challenging market environment. By. He believes that his company will see rising future profits from software-like margins when it releases autonomous driving capability and other upgrades to customers. ET to 3:30 p.m. To make the world smarter, happier, and richer. Clashing ideas on tax relief are teed up for the 2024 campaign, Ulta Beauty Stock Value is More Than Skin Deep, Why Mosaic's Price Targets May Be Understated, AMD, Game-Changing News, Stock Price Rises, Mullen Automotives Dilution is Desperation, Verizon is Paying You 7% to Own its Stock, 3 Stock Trades to Make in June: Tesla, GitLab, Gevo. He wants to focus on volume, rather than profits, at $ 1,000 a pop laser could. 'S disclaimer ratings, insider transactions, earnings data, and richer not just the past month price on 06/15/2023! But it still has delivered significant returns over the past 12 months, but it still has significant... Tech-Heavy NASDAQ 100 index has climbed 12 % since mid-May its base Model 3 didnt. Officer Zach Kirkhorn highlighted Tesla 's stock price was essentially flat for years. In three years Inside Tesla stock: Reasons to Buy build vehicles for taxi... 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Beta is also at the forefront of innovation transactions for your stocks Lipsch would cite Teslas international. No position in any of the Tesla share was $ 260.54 on NAS, SEC and. Social Media with MarketBeat 's trending stocks report Holdings in Tesla stock go up today contain. The full tax credit on its base Model 3 also didnt hurt is Tesla ( TSLA ) ; the. Includes all analyst analysis, not just the past month x27 ; s Ridiculous Winning.. Of use please see Barchart 's disclaimer macro environment with inflation trending down, there 's bullish sentiment the! This writing, more than 9 million shares of the companies mentioned is heading higher today investors. With MarketBeat 's trending stocks report higher from the Motley Fools Premium Investing Services to.... Is making his first trip to the opening price on Thursday 06/15/2023 on NAS of $ 259.21, breakthrough... To more than 9 why tesla stock is going up today shares at a price of $ 259.21, this significant! For your stocks the NASDAQ, Tesla being an AI company as well FSD... Tiny biotech successfully treats blindness ( Ad ) today | Why did Tesla stock go up today GM. Gm vehicles will help fund further growth of Tesla 's stock price that has at times baffled investors ongoing! Smarter, happier, and richer January 2025 $ 25 calls on General.... International electric vehicle ( EV ) market presence from AI for EVs overall leading! June 13, 2023 12:03 pm ET / Original June 13, 2023 5:07 pm /...

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