Why Tesla Stock Is Popping Off Today

Tesla Inc TSLA shares are trading higher by 10.59% to $177.24 during Friday on continued upward momentum after the company reported better-than-expected fourth-quarter EPS and sales results. Tesla reported fourth-quarter total vehicle production of 439,701, up some 44% year-over-year. Fourth-quarter deliveries came in at 405,278, up 31% year-over-year.

Following Wednesday's report were a number of analyst rating revisions: 

  • Citigroup analyst Itay Michaeli maintained Tesla during Thursday's pre-market session with a Neutral and raised the price target from $137 to $146.
  • B of A Securities analyst John Murphy maintained Tesla with a Neutral and raised the price target from $130 to $155.
  • Wolfe Research analyst Rod Lache maintained Tesla with an Outperform and raises the price target from $160 to $185.

See Also: Tesla Q4 Earnings Highlights: Revenue And EPS Beat

Tesla Earnings Highlights, Recap

Tesla reported fourth-quarter revenue of $24.32 billion, which was up 37% year-over-year. The revenue total beat a Street estimate of $24.16 billion, according to data from Benzinga Pro. 

Tesla reported fourth-quarter adjusted earnings per share of $1.19, which beat a Street estimate of $1.13.

The company said the fourth quarter marked the highest revenue, operating income and net income in company history...Read More

Tesla Inc has a 52-week high of $384.29 and a 52-week low of $101.81.

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