Jim Cramer Says Tesla Stock Could Climb To $175 Today On Back Of Elon Musk Comments: 'Everything That Was Bad Is Now Good'
Portfolio Pulse from Adam Eckert
Despite missing Q1 analyst estimates, Tesla Inc (NASDAQ:TSLA) shares surged, attributed to sentiment change and Elon Musk's comments on AI and robotaxis. Jim Cramer believes TSLA could reach $175 today, despite a year-to-date decline of 36%.
April 24, 2024 | 5:36 pm
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Tesla's stock surged following Q1 results and Elon Musk's optimistic comments on future projects, despite missing earnings and revenue estimates.
The surge in Tesla's stock price is attributed to a change in sentiment following Elon Musk's comments and the anticipation of new projects like an affordable vehicle model and a ride-sharing app. Jim Cramer's prediction of the stock reaching $175 based on this sentiment further highlights the potential short-term positive impact on TSLA's stock price.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100