How hedge fund sentiment to Tesla Inc. (NASDAQ:TSLA) changed recently?
Famous investors, Warren Buffett, David Tepper, and Stan Druckenmiller, have been cautious regarding the current bull market and missed out as the stock market reached another high in recent weeks. TSLA was in 67 hedge funds’ portfolios at the end of September. The all-time high for this statistic is 63.
Will Tesla Stock Go Up?
Tesla Stock can continue to rally and S&P Dow Jones Indices will add Tesla Inc. to its benchmark S&P 500 index all at once when it takes the action on Dec. 21.
Tesla’s stock price continuing to outperform expectations, the company is fast approaching Toyota’s $231 billion market cap with a current estimate at $160 billion.
According to Satista.com, Tesla’s meteoric rise in valuation continued into February 2020, as the electric carmaker’s stock ballooned once again from $650 to over $900 in less than four days.
Tesla Inc’s meteoric rise in valuation continued into February, as the electric carmaker’s stock ballooned once again from $650 to over $900 in less than four days.
Experts point to a few factors for Tesla’s surge, which include a good fourth-quarter earnings report and faster deliveries on the company’s new Model Y car. Others highlight an enormous stock “short squeeze,” where investors who were betting on Tesla’s stock to dip closed their position, further increasing the stock price.
How Tesla Stock Went Up?
Shares of Tesla Inc. (NASDAQ:TSLA) rallied 5% in extended trading on Monday after the news.
“S&P Dow Jones Indices (“S&P DJI”) has determined it will add Tesla to the S&P 500 at its full float-adjusted market capitalization weight effective prior to the open of trading on Monday, December 21, 2020,” the index manager said late Monday.
The car company has been making headlines lately for its rapid growth that’s showing no signs of slowing down. Last week, Tesla became the second most-valued carmaker in the world behind Toyota, and the first-ever U.S. car company above $100 billion in market valuation.
Now, with Tesla’s stock price continuing to outperform expectations, the company is fast approaching Toyota’s $231 billion market cap with a current estimate at $160 billion.
Can Tesla Stock go down?
The index manager had consulted with investors as to whether add Tesla (TSLA) all at once or in tranches. The consultation ended Nov. 20 and underscored the complexity of adding Tesla, valued at more than $551 billion, to the benchmark index.
How’s Tesla stock doing today?
Today in pre-market trade Tesla Inc. (NASDAQ:TSLA) shares are moving up 3.95% with a stock price of $590 in pre-market trade on Tuesday, 1 December 2020.
What’s tesla stock worth?
On November 18, 2020, Tesla stock was upgraded by Morgan Stanley from Equal-Weight → Overweight, and its price target increase from $360 → to $540. Tesla stock weekly volatility is 5.92% and monthly stock volatility is 5.06%. Earnings per share (EPS) growth for next year is 72.80%.
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