Market Overview

Why Tesla's Stock Is Trading Higher Today

Why Tesla's Stock Is Trading Higher Today

Tesla (NASDAQ: TSLA) shares are trading higher on Monday after getting a price target raise.

Morgan Stanley raised its price target on Tesla's stock from $440 to $680.

On Friday, Tesla CEO Elon Musk said in a tweet that Tesla's stock price was too high, which sent shares down 11%. Musk said he's also rethinking his "attachment to the material world" and will be "selling almost all physical possessions."

Tesla's stock was trading up 4.8% to $735 per share at time of publication on Monday. The stock has a 52-week high of $968.99 and a 52-week low of $176.99.

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Latest Ratings for TSLA

Jan 2021WedbushMaintainsNeutral
Jan 2021Edward JonesInitiates Coverage OnHold
Jan 2021Credit SuisseMaintainsNeutral

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View the Latest Analyst Ratings


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