Tesla Stock Just Did Something It Hasn't Done in 3 Years. Wall Street Says a Big Move Is Coming in 2025.

Tesla (NASDAQ: TSLA) stock has been on an upward tear in recent weeks. Its share price has doubled since the company reported earnings on Oct. 23, and it has advanced more than 70% since the U.S. presidential election on Nov. 5. Factors contributing to that upside include encouraging updates during the recent earnings call and CEO Elon Musk's close relationship with President-elect Donald Trump.Importantly, Tesla's stock recently did something it hasn't done in more than three years: It reached a new all-time high on Dec. 11, 2024 for the first time since November 4, 2021. But Wall Street says the stock is due for a correction. The median 12-month price target of $275 implies 37% downside from the current share price of $436. The median is the middle value. So, half of the 57 analysts who follow Tesla currently think shares will plunge more than 37% in the next year.Here's what investors should know about the electric carmaker turned artificial intelligence (AI) company.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool