Tesla (TSLA) Gains For Third Straight Week: $350 Incoming?

Airdrop Is Live CaryptosHeadlines Media Has Launched Its Native Token CHT. Airdrop Is Live For Everyone, Claim Instant 5000 CHT Tokens Worth Of $50 USDT. Join the Airdrop at the official website, CryptosHeadlinesToken.com Tesla (TSLA) stock gained another 3.4% last week, marking the third straight trading week of gains for the EV company. TSLA shares hit as high as $303 on Friday, which marked the highest the stock has been since February. While it is still a shout away from its end-of-2024 highs of $480, the gains are telling of Tesla’s rebound.Tesla shares remain down a whopping 26% year-to-date, but the dropoff has gotten far less steep in the last few weeks. News of the founder and former CEO, Elon Musk, returning to Tesla ignited hope amongst investors in the EV giant, which has struggled in 2025 thus far. This past Thursday was a significant turning point not just for Tesla but for the struggling stock market altogether. The US and UK reached a new trade deal that saw the Dow Jones Index jump as much as 500 points. Moreover, the Magnificent 7 increased, with Tesla jumping around 4% that day.Moreover, TSLA stock is trading in the middle of its 52-week range and above its 200-day simple moving average. Many investors are bullish and believe its three-week gains streak will continue. However, there is one dampening issue that could hamper the stock’s growth: its latest earnings report. Tesla’s total Revenue has held flat since last year and decreased 24.79% since last quarter. Furthermore, its net income and EPS have also decreased by over 52% since last year and by 82% since last quarter.Also Read: BlackRock Meets With SEC to Talk Staking, Tokenization, & MoreIn a recent analysis, Jefferies noted that Tesla (TSLA) is “difficult” to evaluate. Its EV sales have plummeted, with all eyes on its “long-term strategic vision.” However, that brings forth the reality that Tesla and its 70% upside hinges on one $1.7 trillion market. The arrival of the Robotaxi later this year may solidify Tesla less as an automaker and more as a robotics company. Moreover, it will be at the forefront of the developing industry. According to recent data, the market is valued at $1.7 trillion as of 2024 but is projected to reach a value of $3.9 trillion over the next nine years.In the near term, Tesla has all of the potential to smash the $350 price target and even encroach on $400. However, due to the company’s recent performance on earnings and the stock market, there is just as much potential for TSLA shares to fall back down again.Source link