'Tesla Is Back': Jim Cramer Expects Stock Rally, Elon Musk To Outsmart UAW's Fain
Portfolio Pulse from Adam Eckert
Jim Cramer predicts a rally for Tesla Inc (NASDAQ:TSLA) stock, expecting it to reach $300 per share, despite a recent 16% drop. Tesla's shares have been under pressure following disappointing financial results in mid-October. However, the company's plans to build a vehicle at its German factory for 25,000 euros ($26,838) and wage increases at Gigafactory Berlin have been positively received. Cramer also dismissed concerns about potential strikes at Tesla, stating that CEO Elon Musk would outsmart UAW president Shawn Fain.
November 06, 2023 | 7:22 pm
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Tesla's stock is expected to rally to $300 per share according to Jim Cramer, despite recent financial disappointments. Positive developments at Tesla's German factory and wage increases are seen as positive signs.
Jim Cramer's prediction of a rally for Tesla's stock, despite recent financial disappointments, is a positive sign. The company's plans to build a vehicle at its German factory for a competitive price and wage increases at Gigafactory Berlin are also seen as positive developments. These factors could potentially drive the stock price up in the short term.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 100