Tesla stock to settle after recent surge: Nuveen CIO
Published On Nov 12, 2024, 3:43 PM
Following a surge in Tesla's stock after the recent election, Saira Malik, Nuveen's Chief Investment Officer, suggests that the stock may experience settling as attention shifts. The stock benefitted from positive sentiment surrounding Trump's electoral victory, yet concerns about potential policy shifts could lead to fluctuations. Despite this, Tesla still has significant growth potential in renewable energy and electric vehicles, particularly with Musk's close ties to Trump, pointing to a favorable long-term trajectory.
Stock Forecasts
TSLA
Negative
Tesla is likely to experience a settling phase after its recent significant price increase, which could indicate consolidation before any major policy impacts from the new administration are seen. This may lead to fluctuations in stock price as the market digests these factors.
Related News
Tesla stock to settle after recent surge: CIO
Nov 12, 2024, 3:44 PM
Is Tesla's recent run-up sustainable?
Why Tesla, crypto and prisons are Trump trade winners
Nov 12, 2024, 1:53 PM
As the dust settles on a post-election stock market rally, some firms have already gained
Cheap, pre-owned EVs are about to flood the market. Is that a good thing?
Nov 12, 2024, 12:20 PM
The EV market could get a huge influx of cheaper cars — but not fresh from the factory. In its latest EV intelligence report, consumer research firm J.D. Power projects that a massive amount of EVs returning off leases in the US will provide a large supply of EVs for sale.