Tesla (TSLA) shares won an additional 3.4% last week, marking EV’s third straight trading week profit. TSLA stock reached $303 on Friday. It’s still to scream away from the $480 high at the end of 2024, but profits speak of Tesla’s rebounds.
Tesla shares remained at 26% late since the start of the year, but have seen much less decline in the past few weeks. Founder and former CEO news Elon Musk has returned to Tesla to announce his hopes among EV giant investors who have struggled with 2025 so far. Last Thursday was a key turning point not only for Tesla but also for the struggling stock market. The US and the UK have reached new trade agreements that have the Dow Jones Index jump by 500 points. Plus, the epic 7 increased, and Tesla jumped over about 4% that day.
Additionally, TSLA stocks are trading above the simple 200-day moving average in the middle of the 52-week range. Many investors are bullish and believe they will continue to win three weeks in a row. However, there is one attenuation issue that can hinder stock growth. The latest revenue report. Tesla’s total revenues remained flat since last year, down 24.79% from the previous quarter. Furthermore, its net profit and EPS have been down more than 52% since last year and 82% from the previous quarter.
In a recent analysis, Jeffries noted that Tesla (TSLA) is “difficult” to evaluate. Its EV sales have plummeted, turning their eyes to a “long-term strategic vision.” But that brings to the reality that Tesla and 70% of it rely on a $1.7 trillion market. The arrival of Robotaxi later this year could potentially solidify Tesla as an automaker and more as a robotics company. Furthermore, it will be the forefront of developing industries. Recent data shows that the market is valued at $1.7 trillion in 2024, but is projected to reach $3.9 trillion over the next nine years.
In the short term, Tesla has all the chances of breaking its $350 price target and breaking into it for $400. However, the company’s recent performance on the revenue and stock market could potentially recede TSLA’s shares again.
