Bullish Tesla Analyst Raised Price Target to $500. Here's Why
In this week's video, I cover need-to-know news items related to Tesla (NASDAQ: TSLA) during the week of May 19. Watch the short video to learn more, consider subscribing, and click the special offer link below.
*Stock prices us ed were from the trading day of May 23, 2025. The video was published on May 24, 2025.
Where to invest $1,000 right now? Our analyst team just revealed what they believe are the 10 best stocks to buy right now. Continue »
Don't miss this second chance at a potentially lucrative opportunity
Ever feel like you missed the boat in buying the most successful stocks? Then you'll want to hear this.
On rare occasions, our expert team of analysts issues a 'Double Down' stock recommendation for companies that they think are about to pop. If you're worried you've already missed your chance to invest, now is the best time to buy before it's too late. And the numbers speak for themselves:
Nvidia: if you invested $1,000 when we doubled down in 2009, you'd have $340,468!*
Apple: if you invested $1,000 when we doubled down in 2008, you'd have $37,070!*
Netflix: if you invested $1,000 when we doubled down in 2004, you'd have $639,271!*
Right now, we're issuing 'Double Down' alerts for three incredible companies, available when you join Stock Advisor, and there may not be another chance like this anytime soon.
See the 3 stocks »
*Stock Advisor returns as of May 19, 2025
Neil Rozenbaum has positions in Tesla. The Motley Fool has positions in and recommends Tesla. The Motley Fool has a disclosure policy. Neil is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through his link, he will earn some extra money that supports his channel. His opinions remain his own and are unaffected by The Motley Fool.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Globe and Mail
16 minutes ago
- Globe and Mail
Why Shares of Tesla Are Sinking Today
With its robotaxi service debut just around the corner, shares of Tesla (NASDAQ: TSLA) traded nearly 4% lower, as of 11:12 a.m. ET today. There are a few potential reasons for the sell-off. Possible concerns over robotaxi safety It's been an eventful week for Tesla and CEO Elon Musk, who has been vocal in his opposition against President Trump's "one big beautiful" bill pending in Congress. But I think investors may be more focused on Tesla's upcoming limited robotaxi launch in Austin, Texas, which is reportedly starting next week. Yesterday, Bloomberg reported on a fatal car accident in 2023 involving Tesla's assisted-driving technology. The business publication also said it was one of the most-read stories on the website. However, it's important to note that the accident occurred under different software than Tesla is using now, which previously relied on 100% driver supervision. Furthermore, The Washington Post and Tesla have been in an ongoing legal battle because the Post is trying to obtain crash data related to Tesla's Autopilot and Full Self-Driving (ASAD) technology. The data is submitted to the U.S. National Highway Transportation Safety Administration (NHTSA), but most of the data is redacted due to confidentiality policies. In a filing related to the lawsuit, Tesla, according to the electric vehicle and Tesla news site Electrek, said the company "would suffer financial and economic harm if the requested information is disclosed." Robotaxis drive the valuation As I've now said many times, Tesla's extremely high valuation is not built on its core electric vehicle business, which is struggling, but on future initiatives like full self-driving (FSD) technology and the potential robotaxi service that Musk has talked about. I don't necessarily doubt Tesla's ability to play a large role in the FSD wave, but there are still a lot of uncertainties about the new sector and the technology. There's also likely to be plenty of competition. If FSD comes up short of expectations, I suspect Tesla's valuation would take a hit, which is why I don't love the risk-reward proposition right now. Don't miss this second chance at a potentially lucrative opportunity Ever feel like you missed the boat in buying the most successful stocks? Then you'll want to hear this. On rare occasions, our expert team of analysts issues a 'Double Down' stock recommendation for companies that they think are about to pop. If you're worried you've already missed your chance to invest, now is the best time to buy before it's too late. And the numbers speak for themselves: Nvidia: if you invested $1,000 when we doubled down in 2009, you'd have $368,035!* Apple: if you invested $1,000 when we doubled down in 2008, you'd have $38,503!* Netflix: if you invested $1,000 when we doubled down in 2004, you'd have $668,538!* Right now, we're issuing 'Double Down' alerts for three incredible companies, available when you join Stock Advisor, and there may not be another chance like this anytime soon. See the 3 stocks » *Stock Advisor returns as of June 2, 2025
Globe and Mail
16 minutes ago
- Globe and Mail
Insider buying perks up as Morguard stock lags
The broad real estate group regained some upward momentum after the market plunge of Donald Trump's 'Liberation Day,' but Morguard Corp. (MRC-T) has not kept pace. Meanwhile, insiders have been buying as the stock strolls around the $112 mark. From May 16 to June 3, director Bruce Robertson bought 29,500 common shares in the public market at an average price of $112.96. In addition, from May 23 to 30, 10-per-cent holder and value investor Sime Armoyan reported purchasing 5,600 shares at an average price of $111.96 (not shown on chart). Ted Dixon is the CEO of INK Research, which provides insider news and knowledge to investors. For more background on insider reporting in Canada, visit the FAQ section at Securities referenced in this profile may have already appeared in recent reports distributed to INK subscribers. INK staff may also hold a position in profiled securities. Chart reflects public-market transactions of common shares or unit trusts by company officers and directors.
Globe and Mail
42 minutes ago
- Globe and Mail
Tesla shares down as Trump fires back at ally Musk
Elon Musk, CEO of Tesla (TSLA-Q) and self-proclaimed 'First Buddy' of President Donald Trump, has stepped up criticism of the president's massive tax legislation in recent days. Investors are starting to notice. Tesla shares dropped more than 5 per cent on Thursday on a day otherwise devoid of news for the electric vehicle maker, leading traders to speculate that Mr. Musk's increasingly pointed rhetoric suggests strain in the relationship that has benefited his sprawling empire of businesses. Mr. Trump said on Thursday that Mr. Musk was upset because the bill took the EV mandate away. 'Look, Elon and I had a great relationship. I don't know if we will anymore,' the president said. 'He said the most beautiful things about me. And he hasn't said bad about me personally. That'll be next. But I'm very disappointed.' Mr. Trump's comments extended a decline in Tesla shares. The world's richest man, a key figure in the Department of Government Efficiency's (DOGE) cost-cutting initiative for several months, has blasted the bill, not long after he said he would spend less time in the White House and more time with his companies. On his social media platform X, Mr. Musk has called on Congress members to kill the legislation, calling it a 'disgusting abomination.' 'It more than defeats all the cost savings achieved by the DOGE team at great personal cost and risk,' Musk, the largest Republican donor in the 2024 election cycle, said on X on Tuesday. Mr. Musk's leadership of DOGE and his alignment with the Trump administration have put off some Tesla buyers. Sales of his EVs have slumped in Europe, China and key U.S. markets like California, even as overall electric vehicle purchases continue to grow. Mr. Musk has slowly started to separate himself from the White House in recent weeks, stung in part by the wave of protests against Tesla. 'Elon's politics continue to harm the stock. First he aligned himself with Trump which upset many potential Democratic buyers. Now he has turned on the Trump administration,' said Tesla shareholder Dennis Dick, chief strategist at Stock Trader Network. Mr. Musk's other businesses, SpaceX and Starlink, dominate their respective markets, but have also come under scrutiny due to Mr. Musk's relationship with Mr. Trump. Those two businesses often serve as the default choice for commercial launches and satellite internet deployment, and foreign governments have also increasingly looked to Starlink, with regulatory approvals smoothed by Mr. Musk's ties. Tesla shares are down 12 per cent since May 27, roughly coinciding with his decision to pull back from Washington activities. The stock has been on a roller-coaster ever since his endorsement of Mr. Trump in mid-July 2024 in his re-election bid, gaining 169 per cent from that point through mid-December. That was followed by a 54-per-cent selloff through early April as a 'Tesla Takedown' protest movement intensified. The House of Representatives version of the budget bill proposes largely ending the popular US$7,500 electric vehicle subsidy by the end of 2025. Tesla and other automakers have relied on incentives for years to drum up demand, but Mr. Trump promised during the transition to end the subsidy. Tesla could face a US$1.2-billion hit to its full-year profit, along with an additional US$2-billion setback to regulatory credit sales due to separate Senate legislation targeting California's EV sales mandates, according to J.P. Morgan analysts. 'The budget bill contains bad stuff for Tesla with the end of the EV credits, and just generally his falling out with Trump has risks for Tesla and Elon's other companies,' said Jed Ellerbroek, portfolio manager at Argent Capital Management. Mr. Musk's public attacks have upset potential Republican Tesla buyers as well, Dennis Dick added. One White House official on Wednesday called the Tesla CEO's moves 'infuriating.' The billionaire joined Senate Republican deficit hawks this week in arguing that the House bill does not go far enough in reducing spending. Overall, Tesla shares are down 22 per cent this year, including Thursday's losses. But the company is still the most valuable automaker worldwide by a long shot - carrying a market value of US$1-trillion, far surpassing Toyota Motor's market value of about US$290-billion. Tesla trades at 140.21 times profit estimates, a steep premium to other Big Tech stocks like Nvidia. Be smart with your money. Get the latest investing insights delivered right to your inbox three times a week, with the Globe Investor newsletter. Sign up today.
