Why I believe Tesla will touch minimum $340 this week:
📈 Tesla's Stock Performance: Week of November 4, 2024
During the week of November 4, 2024, Tesla stock experienced a remarkable surge, marking its largest weekly gain in the past year. Here's a breakdown of the stock's closing prices for each trading day that week:
Monday, Nov 4: $242.84
Tuesday, Nov 5: $251.44
Wednesday, Nov 6: $288.53
Thursday, Nov 7: $296.91
Friday, Nov 8: $321.22
Over the course of the week, TSLA's closing price increased from $242.84 on Monday to $321.22 on Friday, representing a substantial gain of approximately 32.3%.
This surge coincided with a broader market rally following the U.S. presidential election, where expectations of tax cuts and deregulation caused a bull run.
With that being said, if a deal with China is announced tomorrow similar to the UK trade deal, a 15% gain this week touching $340 or more is definitely on the table.
Stay tuned...
📈 Tesla's Stock Performance: Week of November 4, 2024
During the week of November 4, 2024, Tesla stock experienced a remarkable surge, marking its largest weekly gain in the past year. Here's a breakdown of the stock's closing prices for each trading day that week:
Monday, Nov 4: $242.84
Tuesday, Nov 5: $251.44
Wednesday, Nov 6: $288.53
Thursday, Nov 7: $296.91
Friday, Nov 8: $321.22
Over the course of the week, TSLA's closing price increased from $242.84 on Monday to $321.22 on Friday, representing a substantial gain of approximately 32.3%.
This surge coincided with a broader market rally following the U.S. presidential election, where expectations of tax cuts and deregulation caused a bull run.
With that being said, if a deal with China is announced tomorrow similar to the UK trade deal, a 15% gain this week touching $340 or more is definitely on the table.
Stay tuned...