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Business Insider
5 days ago
- Automotive
- Business Insider
Why Is Tesla Stock Up Today?
Tesla shares (TSLA) are on the move again. The stock rose 1.2% to $338 in early Wednesday trading. This puts it on track for a sixth consecutive gain, adding nearly 11% since August 5. Over the same period, the S&P 500 is up 0.4% and the Dow Jones Industrial Average has gained 0.6%. Elevate Your Investing Strategy: Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence. Part of the rally comes from broader market strength. Investors have been more willing to buy growth stocks this week, and Tesla has benefited from the shift. Stronger sentiment in electric vehicles has also helped, as U.S. third-quarter demand shows signs of holding up despite industry challenges. Federal Tax Credit Fuels Demand Buyers are rushing to place orders for new Teslas before the $7,500 federal EV tax credit expires in September. This is creating longer wait times for certain models, which signals healthy demand. While the Inflation Reduction Act extends the credit through 2032, current rules limit eligibility, and upcoming changes may reduce the number of qualifying vehicles. This urgency in the U.S. market is giving Tesla a short-term boost. Investors see it as a cushion for third-quarter sales, especially after the company delivered about 721,000 cars in the first half of 2025, which was down 13% from last year. Musk Focuses on Robo-Taxis Another driver of the rally is Tesla's renewed focus on self-driving technology. Over the weekend, CEO Elon Musk shared updates on the company's Full Self Driving (FSD) system. He said the version running in Tesla's Austin robo-taxis is more advanced than what current Tesla drivers use. He also suggested that upcoming FSD updates will bring significant improvements. These comments have reignited enthusiasm for Tesla's AI and autonomous driving ambitions. For many investors, the future revenue potential from self-driving cars matters more than current vehicle sales. Technical Breakout Draws Traders Tesla's recent price action has also caught the attention of technical analysts. Fundstrat's head of technical strategy, Mark Newton, noted that a close above $338 would be a bullish signal. Tesla achieved that on Monday for the first time since late June, encouraging more buying from momentum traders. With technical conditions improving and bullish catalysts in play, Tesla's short-term outlook has strengthened. The rally has lifted the stock 64% over the past 12 months, even though it remains down about 16% in 2025. Is Tesla Stock a Buy, Hold, or Sell? According to TipRanks, Wall Street remains split on Tesla's outlook. Data from the past three months shows 37 analysts covering the stock, with 14 rating it a Buy, 15 calling it a Hold, and eight recommending a Sell. The average 12-month TSLA price target sits at $307.23, which is about 10.9% below Tesla's last close at $344.74.
Yahoo
05-03-2025
- Automotive
- Yahoo
Tesla Practically Begs People To Buy Model 3s With $0 Down Or 0 Percent APR Financing Deals
The past few months have not been kind to Tesla. Its sales are down pretty much across the board, the Cybertruck has been a bigger flop than most folks expected, it's still years away from any sort of real autonomous vehicle and now its stock price has fallen nearly 30 percent since the beginning of 2025. Of course, all of this is happening as CEO Elon Musk runs around the federal government making a mess of things and having children with any willing and able partner. All of this adds up to one simple fact: Tesla needs a boost right now. That would explain why the Austin, Texas-based automaker is offering a screaming deal on its Model 3 sedan before the close of a disastrous first quarter. Tesla has announced it is bringing back its $0 due at signing or 0 percent APR financing deals for well-qualified buyers. It gets even better for buyers who qualify for the $7,500 EV tax credit. That deal gets you $0 down and 0.99 percent APR. Read more: Tesla Cybertrucks Are Rusting Despite Being Made Of Stainless Steel Here's how the deal reads on Tesla's website: Promotional rate valid only on Model 3 orders placed on or after March 3, 2025, with a minimum down payment of 15% plus applicable taxes and fees. Term of 60 months. Promotional rate is subject to credit approval and may change [...] $0 due at signing with 0.99% APR for term of 60 months when qualified buyers apply the $7,500 Federal Tax Credit at point of sale. Not all applicants will qualify. Promotion is subject to change or end at any time, and cannot be applied retroactively. Used vehicles and enterprise sales not eligible. Tesla can really use a boost right now for Model 3 sales, especially because the Model Y is stuck in a sort of weird in-between because of a switchover from the pre-facelift car to the facelifted one. Because of that, sales will almost certainly be down for the Y. Undoubtedly, this is a really good deal for a Tesla Model 3, whether you go with 0 percent APR, $0 down or you qualify for $0 down and 0.99 percent APR. You've just got to ask yourself how much a good deal is worth to you. Are you cool with giving a guy like Elon Musk even a little bit of your money? That's a question for you and your creator I suppose. If you aren't tempted by Tesla's deal but still want and EV, don't worry — there are plenty of deals to be had out there. Earlier this year, we told you about a really good lease deal Volkswagen is offering on ID 4s. Chevy, Ford and Acura are also offering some really good deals. Mercedes-Benz is knocking tons of money off its EVs, and the Nissan Ariya is looking quite tempting right now. Of course, if you're looking for a car to replace your Tesla, we've got a great list right here for you. Want more like this? Join the Jalopnik newsletter to get the latest auto news sent straight to your inbox... Read the original article on Jalopnik.
