Is Tesla’s Stock on the Rise or Fall?
August 1, 2022
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Tesla’s ($NASDAQ:TSLA) stock has been on a bit of a roller coaster ride lately, with some analysts predicting a sharp decline and others predicting a rebound. After a week full of economic analysis on inflation, GDP and, of course, the Fed, Friday morning brings some different perspectives. And when these guys tweet, people listen. Elon Musk tweeted overnight simply “Inflation might be trending down.””More Tesla commodity prices are trending down ,” he added.Musk has been weighing in on the inflation debate from the CEO perspective and earlier this month said that TSLA could lower car prices if inflation slowed from four-decade highs. Meanwhile, Bill Ackman, founder of hedge fund Pershing Square, took aim at Federal Reserve Chairman Jerome Powell’s view of the fed funds rate after the latest 75-basis-point hike. “On Wed, Powell said that the @federalreserve had gotten rates to neutral: ‘We’re at 2.25 to 2.5 and that’s right in the range of what we think is neutral,’” Ackman tweeted. So what does all this mean for Tesla’s stock? It’s hard to say for sure, but it seems that the market is still uncertain about the company’s future. Tesla’s stock is down about 2% in early trading on Friday, but with so much volatility in the markets lately, it’s hard to predict where it will be by the end of the day.
Tesla’s stock opened at $842.1 on Friday and closed at $891.4, a rise of 5.8% from the prior closing price of $842.7. This is a positive sign for the company, which has been struggling recently.
Tesla is a company with strong long-term potential, as reflected in its fundamentals. The VI app makes it easy to analyze Tesla’s financials and valuation. VI Line values Tesla’s shares at around $749.1, 19% below the current price of $891.4.
This rise is likely due to investors’ confidence in Tesla’s future prospects, as the company continues to innovate and disrupt the automotive industry. Tesla’s stock is a good investment for those who believe in the company’s long-term vision and are willing to ride out the ups and downs of the stock market.
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