{"id":1240,"date":"2023-02-18T20:03:00","date_gmt":"2023-02-19T01:03:00","guid":{"rendered":"https:\/\/embarrdowns.com\/tsla-stock-surges-103-closing-in-on-its-200-day-moving-average\/"},"modified":"2023-02-18T20:03:01","modified_gmt":"2023-02-19T01:03:01","slug":"tsla-stock-surges-103-closing-in-on-its-200-day-moving-average","status":"publish","type":"post","link":"https:\/\/embarrdowns.com\/tsla-stock-surges-103-closing-in-on-its-200-day-moving-average\/","title":{"rendered":"TSLA Stock Surges 103%, Closing in on its 200-Day Moving Average"},"content":{"rendered":"

Tesla Inc (TSLA) stock has seen strong gains recently, rising 1.18% while the S&P 500 has fallen -0.4% as of 10:39 AM on Wednesday, February 15.[0]<\/a><\/sup> The share price of Tesla (TSLA) has risen by $2.47 from its previous closing price of $209.25, with 59,141,[0]<\/a><\/sup> In the last twelve months, the S&P 500 has dropped 6.41% and TSLA has decreased by 27.47[0]<\/a><\/sup> The price-to-earnings ratio of Tesla (TSLA) is 58.45, based on their earnings of $3.62 per share over the past 12 months.[0]<\/a><\/sup><\/p>\n

Tesla rose 3% to 207.32, nearing its 200-day moving average.[1]<\/a><\/sup> The shares dropped from an intraday high of 214.[1]<\/a><\/sup> But TSLA stock has surged 103% from its January 6th intraday low of 101.81.[2]<\/a><\/sup> At this point, investors should look to see if TSLA stock can reclaim its 200-day line and then perhaps consolidate, forming a handle within a deep base going back to September.[1]<\/a><\/sup><\/p>\n

Analysts have set a consensus 12-month price target of $199.78 on TSLA stock, indicating a potential gain of only 1.47% over the next year.[3]<\/a><\/sup> Notably, Tesla stock jumped this year following its CEO Elon Musk\u2019s positive commentary about demand and production during the Q4 (fourth quarter) conference call.[3]<\/a><\/sup> The company is experiencing strong orders which exceed their current production capabilities.[3]<\/a><\/sup><\/p>\n

Tesla’s purpose is to hasten the global shift to renewable energy sources.[4]<\/a><\/sup> Since its establishment in 2003, Tesla has been setting new standards in the development of high-performance automobiles. Their vehicles are not only the world’s best-selling and highest-rated pure electric cars, with long-range and no tailpipe emissions, but also the safest cars in the world.[5]<\/a><\/sup> Tesla’s Model S sedan and Model X sports utility vehicle with falcon-winged doors have been the flagship models, but Model 3, a smaller, simpler, and more cost-effective mid-sized sedan, is expected to drive electric vehicles into the mainstream.[5]<\/a><\/sup> Furthermore, Tesla has now expanded its energy products to encompass solar, storage, and grid services with the opening of the Gigafactory and the acquisition of SolarCity.[5]<\/a><\/sup><\/p>\n

0. <\/span>“Bullish Electric Vehicle Stock Alert: Tesla Inc (TSLA) Rises 1.18% Wednesday, Should You Buy?” InvestorsObserver, 15 Feb. 2023, https:\/\/www.investorsobserver.com\/news\/stock-update\/bullish-electric-vehicle-stock-alert-tesla-inc-tsla-rises-1-18-wednesday-should-you-buy<\/a><\/a><\/p>\n

1. <\/span>“Futures Fall As Shakeout Deepens; Tesla Doubles From Bear Low” Investor’s Business Daily, 10 Feb. 2023, https:\/\/www.investors.com\/market-trend\/stock-market-today\/dow-jones-futures-market-rally-gets-its-shakeout-tesla-stock-doubles-from-bear-low<\/a><\/a><\/p>\n

2. <\/span>“Tesla: Possible Margin Compression Ahead (NASDAQ:TSLA)” Seeking Alpha, 17 Feb. 2023, https:\/\/seekingalpha.com\/article\/4578135-tesla-possible-margin-compression-ahead<\/a><\/a><\/p>\n

3. <\/span>“2 Laggards of 2022 are Outperforming in 2023; Should You Invest?” TipRanks, 13 Feb. 2023, https:\/\/www.tipranks.com\/news\/article\/2-laggards-of-2022-are-outperforming-in-2023-should-you-invest<\/a><\/a><\/p>\n

4. <\/span>“Tesla, Inc. (NASDAQ:TSLA) Given Average Recommendation of “Hold” by Brokerages” MarketBeat, 13 Feb. 2023, https:\/\/www.marketbeat.com\/instant-alerts\/nasdaq-tsla-consensus-analyst-rating-2023-02-13\/<\/a><\/a><\/p>\n

5. <\/span>“Barclays Initiates Coverage of Tesla With Overweight Recommendation” 24\/7 Wall St., 16 Feb. 2023, https:\/\/247wallst.com\/investing\/2023\/02\/16\/barclays-initiates-coverage-of-tesla-with-overweight-recommendation\/<\/a><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Tesla Inc (TSLA) stock has seen strong gains recently, rising 1.18% while the S&P 500 has fallen -0.4% as of 10:39 AM on Wednesday, February 15.[0]<\/a><\/sup> The share price of Tesla (TSLA) has risen by $2.47 from its previous closing price of $209.25, with 59,141,[0]<\/a><\/sup> In the last twelve months, the S&P 500 has dropped 6.41% and TSLA has decreased by 27.47[0]<\/a><\/sup> The price-to-earnings ratio of Tesla (TSLA) is 58.45, based on their earnings of $3.62 per share over the past 12 months.[0]<\/a><\/sup><\/p>\n

Tesla rose 3% to 207.32, nearing its 200-day moving average.[1]<\/a><\/sup> The shares dropped from an intraday high of 214.[1]<\/a><\/sup> But TSLA stock has surged 103% from its January 6th intraday low of 101.81.[2]<\/a><\/sup> At this point, investors should look to see if TSLA stock can reclaim its 200-day line and then perhaps consolidate, forming a handle within a deep base going back to September.[1]<\/a><\/sup><\/p>\n

Analysts have set a consensus 12-month price target of $199.78 on TSLA stock, indicating a potential gain of only 1.47% over the next year.[3]<\/a><\/sup> Notably, Tesla stock jumped this year following its CEO Elon Musk\u2019s positive commentary about demand and production during the Q4 (fourth quarter) conference call.[3]<\/a><\/sup> The company is experiencing strong orders which exceed their current production capabilities.[3]<\/a><\/sup><\/p>\n

Tesla’s purpose is to hasten the global shift to renewable energy sources.[4]<\/a><\/sup> Since its establishment in 2003, Tesla has been setting new standards in the development of high-performance automobiles. Their vehicles are not only the world’s best-selling and highest-rated pure electric cars, with long-range and no tailpipe emissions, but also the safest cars in the world.[5]<\/a><\/sup> Tesla’s Model S sedan and Model X sports utility vehicle with falcon-winged doors have been the flagship models, but Model 3, a smaller, simpler, and more cost-effective mid-sized sedan, is expected to drive electric vehicles into the mainstream.[5]<\/a><\/sup> Furthermore, Tesla has now expanded its energy products to encompass solar, storage, and grid services with the opening of the Gigafactory and the acquisition of SolarCity.[5]<\/a><\/sup><\/p>\n

0. <\/span>“Bullish Electric Vehicle Stock Alert: Tesla Inc (TSLA) Rises 1.18% Wednesday, Should You Buy?” InvestorsObserver, 15 Feb. 2023, https:\/\/www.investorsobserver.com\/news\/stock-update\/bullish-electric-vehicle-stock-alert-tesla-inc-tsla-rises-1-18-wednesday-should-you-buy<\/a><\/a><\/p>\n

1. <\/span>“Futures Fall As Shakeout Deepens; Tesla Doubles From Bear Low” Investor’s Business Daily, 10 Feb. 2023, https:\/\/www.investors.com\/market-trend\/stock-market-today\/dow-jones-futures-market-rally-gets-its-shakeout-tesla-stock-doubles-from-bear-low<\/a><\/a><\/p>\n

2. <\/span>“Tesla: Possible Margin Compression Ahead (NASDAQ:TSLA)” Seeking Alpha, 17 Feb. 2023, https:\/\/seekingalpha.com\/article\/4578135-tesla-possible-margin-compression-ahead<\/a><\/a><\/p>\n

3. <\/span>“2 Laggards of 2022 are Outperforming in 2023; Should You Invest?” TipRanks, 13 Feb. 2023, https:\/\/www.tipranks.com\/news\/article\/2-laggards-of-2022-are-outperforming-in-2023-should-you-invest<\/a><\/a><\/p>\n

4. <\/span>“Tesla, Inc. (NASDAQ:TSLA) Given Average Recommendation of “Hold” by Brokerages” MarketBeat, 13 Feb. 2023, https:\/\/www.marketbeat.com\/instant-alerts\/nasdaq-tsla-consensus-analyst-rating-2023-02-13\/<\/a><\/a><\/p>\n

5. <\/span>“Barclays Initiates Coverage of Tesla With Overweight Recommendation” 24\/7 Wall St., 16 Feb. 2023, https:\/\/247wallst.com\/investing\/2023\/02\/16\/barclays-initiates-coverage-of-tesla-with-overweight-recommendation\/<\/a><\/a><\/p>\n","protected":false},"author":3,"featured_media":1239,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[47],"tags":[],"_links":{"self":[{"href":"https:\/\/embarrdowns.com\/wp-json\/wp\/v2\/posts\/1240"}],"collection":[{"href":"https:\/\/embarrdowns.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/embarrdowns.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/embarrdowns.com\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/embarrdowns.com\/wp-json\/wp\/v2\/comments?post=1240"}],"version-history":[{"count":0,"href":"https:\/\/embarrdowns.com\/wp-json\/wp\/v2\/posts\/1240\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/embarrdowns.com\/wp-json\/wp\/v2\/media\/1239"}],"wp:attachment":[{"href":"https:\/\/embarrdowns.com\/wp-json\/wp\/v2\/media?parent=1240"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/embarrdowns.com\/wp-json\/wp\/v2\/categories?post=1240"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/embarrdowns.com\/wp-json\/wp\/v2\/tags?post=1240"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}