With Tesla (NASDAQ:TSLA)’s stock approaching the $400 per share mark, investors are questioning just how high it can climb by the end of 2024. Monday’s session saw Tesla close at $389.79 after briefly touching $404, and premarket trading on Tuesday showed a 1% increase, pushing the stock to $393.74.<\/p>\n\n\n\n
Market analysts remain divided on Tesla’s potential to reach $500 by year-end. While Morgan Stanley (NYSE:MS)<\/strong> raised its price target to $400, maintaining Tesla as a top pick, Cantor Fitzgerald<\/strong> remains skeptical.<\/p>\n\n\n\n Cantor Fitzgerald recently increased its price target to $365 from $255 but maintained a Neutral rating. The firm cited enthusiasm for Tesla’s Robotaxi and self-driving initiatives but expressed caution over the stock’s valuation, suggesting they would wait for a more favorable entry point.<\/p>\n\n\n\n Cantor Fitzgerald highlighted Tesla’s advancements in its Full Self-Driving (FSD) technology as a potential growth driver. The firm noted:<\/p>\n\n\n\n \u201cWe are becoming more bullish on Tesla’s Robotaxi segment, following President-elect Trump’s plans to potentially develop a federal framework for self-driving vehicles in the United States, and an update to the company’s FSD software.\u201d<\/p>\n<\/blockquote>\n\n\n\n Tesla’s release of FSD version 13.2<\/strong> last week brought updates like reverse driving and automated parking. Although initially limited to select customers, early feedback has been positive, reinforcing optimism for a Robotaxi launch.<\/p>\n\n\n\n Tesla\u2019s climb toward $500 per share is marked by both optimism and caution. While advancements in self-driving technology and potential regulatory frameworks provide tailwinds, concerns about valuation persist. Whether Tesla can hit the $500 mark will likely depend on further developments in its autonomous driving initiatives and broader market trends.<\/p>\n","protected":false},"excerpt":{"rendered":" With Tesla (NASDAQ:TSLA)’s stock approaching the $400 per share mark, investors are questioning just how high it can climb by the end of 2024. Monday’s session saw Tesla close at $389.79 after briefly touching $404, and premarket trading on Tuesday showed a 1% increase, pushing the stock to $393.74. Will Tesla Hit $500 Per Share<\/p>\n","protected":false},"author":5,"featured_media":6019,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[1958,2900,2898,2902,3158],"class_list":{"0":"post-6018","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-business","8":"tag-electric-vehicles","9":"tag-fsd","10":"tag-robotaxi","11":"tag-tesla-stock","12":"tag-tsla-price-prediction"},"_links":{"self":[{"href":"https:\/\/guardianglobe.org\/index.php?rest_route=\/wp\/v2\/posts\/6018"}],"collection":[{"href":"https:\/\/guardianglobe.org\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/guardianglobe.org\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/guardianglobe.org\/index.php?rest_route=\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/guardianglobe.org\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=6018"}],"version-history":[{"count":1,"href":"https:\/\/guardianglobe.org\/index.php?rest_route=\/wp\/v2\/posts\/6018\/revisions"}],"predecessor-version":[{"id":6020,"href":"https:\/\/guardianglobe.org\/index.php?rest_route=\/wp\/v2\/posts\/6018\/revisions\/6020"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/guardianglobe.org\/index.php?rest_route=\/wp\/v2\/media\/6019"}],"wp:attachment":[{"href":"https:\/\/guardianglobe.org\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=6018"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/guardianglobe.org\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=6018"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/guardianglobe.org\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=6018"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}Robotaxi and Self-Driving Optimism<\/h2>\n\n\n\n
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Conclusion<\/h2>\n\n\n\n