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Tesla Inc. TSLA CEO Elon Musk mocked short sellers of the stock on Sunday after it <a href="https://www.benzinga.com/24/12/42382665/tesla-stock-hits-400-in-overnight-trading-nears-all-time-high-amid-analyst-upgrades-and-fsd-optimism">breached $400 on Robinhood&#8217;s overnight trading service.</a>



What Happened: &#8220;TSLA shorts reciting Litany Against Fear rn,&#8221; Musk said in a post on social media platform X. &#8220;Litany against fear&#8221; refers to the recital that features in the 1965 science fiction novel Dune by Frank Herbert that starts with &#8220;Fear is the mind-killer.&#8221;



<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"><div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">TSLA shorts reciting Litany Against Fear rn &#x1f602;&mdash; Elon Musk (@elonmusk) <a href="https://twitter.com/elonmusk/status/1865975311164141722?ref_src=twsrc%5Etfw">December 9, 2024</a></blockquote><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
</div></figure>



Tesla stock closed up 5.34% at $389.22 on Friday and rose another 1.4% after hours. The stock is currently trading at over $400 in overnight trading on Robinhood possibly owing to price target hikes by multiple analysts over the past week and optimism about the company achieving vehicle autonomy with future versions of its full self-driving driver assistance software.



Tesla recently released version 13.2 of the technology, deemed by BofA Securities Senior Automotive Analyst John Murphy to be &#8220;incredibly impressive.&#8221;



"It was incredibly good through some very challenging scenarios. That was incredibly impressive," Murphy said about his ride in a Model Y equipped with version 13.2 of the software. 



Why It Matters: Roth MKM&nbsp;analyst&nbsp;Craig Irwin, who was bearish on Tesla for a long time,&nbsp;<a href="https://www.benzinga.com/24/12/42285783/tesla-bear-craig-irwin-turns-bullish-increases-price-target-from-85-to-380" target="_blank" rel="noreferrer noopener">raised&nbsp;the EV company's price target</a>&nbsp;by 347% from $85 to $380 and upgraded the rating to a &#8220;buy&#8221; from &#8220;neutral&#8221; last Monday. 



&#8220;I don&#8217;t see very many negative catalysts… There are abundant positive catalysts… Bias is now to the upside, not the downside. The market cap may be huge… but they are doing big things," Irwin then said.



Overall, analysts have a consensus rating of "Buy" on the Tesla stock, with the highest price target being $411. The most recent analyst ratings by Guggenheim, B of A Securities, and Roth MKM have an average price target of $318.33, implying a 13.8% downside.



<figure class="wp-block-image size-full"><a href="https://www.benzinga.com/quote/tsla/analyst-ratings"><img loading="lazy" decoding="async" width="473" height="354" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/06043838/Tesla-stock-ratings.jpg" alt="" class="wp-image-680218" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/06043838/Tesla-stock-ratings.jpg 473w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/06043838/Tesla-stock-ratings-300x225.jpg 300w" sizes="(max-width: 473px) 100vw, 473px" /></a></figure>



Check out more of Benzinga's Future Of Mobility coverage by&nbsp;<a href="https://www.benzinga.com/topic/mobility" target="_blank" rel="noreferrer noopener">following this link.</a>



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Tesla CEO Elon Musk mocked short sellers of the company on Sunday after the stock breached $400 on Robinhood's overnight trading service.

Elon Musk Mocks Tesla Shorts After Stock Hits $400 In Overnight Trading On Robinhood - Tesla (NASDAQ:TSLA)

Anan Ashraf

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Elon Musk Mocks Tesla Shorts After Stock Hits $400 In Overnight Trading On Robinhood

Tesla Inc

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