TSLA – Stock Analysis & News (2024-04-02)

Tesla, Inc. (TSLA) has been facing some challenges recently, with the stock price currently at 174.0. The AI forecast for TSLA shows a positive short-term forecast of +4.2% and a monthly forecast of +4.3%.

🔴 Shares of Tesla fell more than 5% Monday amid a round of discounts and price cuts in China and the U.S.

🔴 Momentum-stock strategies are coming off their worst 20-year stretch in U.S. history.

🔴 Tesla director Robyn Denholm sold 93,705 shares of the company at an average price of $175.44.

🔴 Tesla announced it will raise the price of U.S. Model Y prices on April 1st.

🟢 CNBC’s Jim Cramer gave insights on Tesla as the stock observed an over 6% jump.

🟢 Tesla stock is off 2% in the past year, a blow to long-term investors.

The recent news has had a mixed impact on Tesla’s stock price. The discounts and price cuts in China and the U.S. have led to a decrease in the stock price. Additionally, the insider sell by director Robyn Denholm and the announcement of raising Model Y prices have also impacted the stock negatively.

However, the positive insights from CNBC’s Jim Cramer and the overall growth potential of Tesla as a company have helped boost the stock price. Despite the challenges, Tesla remains a key player in the electric vehicle market and is likely to continue its growth trajectory in the long run.

Investors should closely monitor the news and developments surrounding Tesla to make informed decisions about their investments in the company. The stock’s performance in the coming weeks will be crucial in determining its long-term outlook.

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