Tesla's Stock Rebounds After Steep Decline
Key Metrics:
* Shares rallied above the key 100-day moving average
* Year-to-date decline now stands at 12%
* Tesla remains one of Wedbush analyst Dan Ives' top picks for 2025
Performance Analysis:
* Stock experienced a 6% bounce on Thursday
* Pre-market trading on Friday saw a 1.5% rise
* Used Tesla prices have declined by 1% and 5.49% in the last 30 and 90 days, respectively
* Oppenheimer analyst Colin Rusch expressed caution over Tesla's outlook
Market Factors:
* New tariffs imposed by the Trump administration may increase costs for automakers
* Tesla's key suppliers for battery materials are largely based in China
* Decreased sales in China and Australia
Analyst Outlook:
* Wedbush's Ives remains bullish on Tesla's future, citing the potential of robotaxis and Optimus robotics
* Benchmark initiated coverage with a Buy rating and a $475 price target
Additional Insights:
* Tesla's fourth quarter earnings fell short of analyst expectations
* Automotive sales declined by 8% year-over-year
* Elon Musk expects full self-driving capabilities to debut in Austin, Texas, by June