Apr 27, 01:18 PM

Tesla Shares Surge Nearly 18% After Record Energy Profit, DOT Framework, Musk’s Return, and Autonomy Rollout Plans

Tesla Inc. shares surged nearly 18% over the past week, driven by several positive developments despite a disappointing quarterly performance. The stock jumped 9.8% on Friday alone, closing near key technical levels such as the 200-day moving average, which could signal further gains if surpassed. Key factors supporting the rally include a new framework introduced by the U.S. Department of Transportation, record gross profit in Tesla's energy storage segment, and Elon Musk's return to the company. Tesla remains the best-selling car brand in multiple markets and aims to achieve wide-scale vehicle autonomy by mid-2026. Market analysts are optimistic about Tesla's stock, with trade setups indicating potential targets above $300. The rally reflects investor confidence in Tesla's long-term prospects despite recent operational challenges.

#Tesla #Elon Musk

Written with ChatGPT (GPT-4).