According to BitJie, Tesla (TSLA) stock has seen a strong rebound, rising 30% in the past month. After peaking at $470 in December 2024 and falling to a low of $222 in spring, the stock has gained nearly 4% in early trading, breaking above $440 and approaching a new 2025 closing high. Nine of the past 10 trading sessions have seen gains. Analysts have raised their price targets, with Piper Sandler’s Alexander Potter increasing his target to $500 from $400 after visiting China, citing Tesla’s leadership in real-world AI and autonomous driving. Baird’s Ben Karlo also upgraded the stock to 'Buy' from 'Hold,' raising his target to $548 from $320. FactSet data shows 47% of analysts rate Tesla as a 'Buy.' Factors supporting the rally include Elon Musk’s $10 billion stock purchase and potential expansion of Tesla’s autonomous taxi service to Nevada and Arizona. The stock recently broke out of a four-month symmetrical triangle pattern with above-average volume, signaling strong institutional confidence.
Tesla (TSLA) Stock Surges 30% in One Month
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