Tesla (TSLA) Surges Post-Election, But Long-Term Concerns Remain

Nov 12, 2024 · 2m 23s
Tesla (TSLA) Surges Post-Election, But Long-Term Concerns Remain
Description

**Tesla (TSLA) Analysis:** 1. **Current Price and Intraday Trading Range:** - High: $328.70, Low: $294.71, Open: $299.20[4]. 2. **Pre-market and After-hours Movement:** - Not specified in the provided sources, but...

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**Tesla (TSLA) Analysis:**

1. **Current Price and Intraday Trading Range:**
- High: $328.70, Low: $294.71, Open: $299.20[4].

2. **Pre-market and After-hours Movement:**
- Not specified in the provided sources, but recent price movements indicate significant volatility.

3. **Trading Volume vs Average:**
- Volume: 204.78M, Average Volume: 99.17M, indicating higher-than-average trading activity[4].

4. **Recent News or Announcements:**
- Rumors of Elon Musk acquiring Ford Motor Company were debunked by Ford[2].
- Tesla stock surged nearly 40% following Donald Trump’s election victory, with Bank of America analyst John Murphy suggesting a Trump administration could ease regulations, supporting Tesla’s growth trajectory[5].

5. **Major Analyst Updates or Price Target Changes:**
- Bank of America analyst John Murphy lifted his price target from $265 to $350, rating Tesla shares a Buy[5].
- The stock currently has a Hold consensus rating, with 16 Holds, 11 Buys, and 8 Sells, and an average price target of $207.83, implying a ~41% decline over the next year[5].

6. **Options Flow Activity:**
- Not specified in the provided sources.

7. **Related Semiconductor/AI Sector News Affecting Tesla:**
- No specific news mentioned in the provided sources, but the Trump administration’s potential policies could impact Tesla’s competitors and the broader EV market[5].

8. **Key Technical Indicators for Day Trading:**
- Recent price gaps and liquidity gaps indicate strength, but there is heavy fresh overhead supply, suggesting a potential pullback[1].
- The stock’s 52-week high is $328.71, and its 52-week low is $138.80[4].

**Market Sentiment:**
- 42.1% Buy, 35.1% Hold, 22.8% Sell, indicating a mixed but slightly bullish sentiment[4].
- The recent surge in Tesla stock following Trump’s election victory suggests a positive short-term outlook, but long-term concerns and potential regulatory changes could impact the stock’s trajectory.
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Author QP-4
Organization William Corbin
Website -
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