On May 5, we highlighted opportunity in Tesla (TSLA).

At the time, we noted, “Tesla director Joe Gebbia paid just over $1 million for 4,000 shares of Tesla. He paid an average price of. $256.31 per share. Before this transaction, insiders last bought shares of Tesla in February 2020. However, that’s not it’s only near-term catalyst. Elon Musk just said his time at DOGE will drop significantly. Plus, analysts at Wedbush just raised its price target on TSLA to $350 with an outperform rating.”

Tesla traded at $280.26.

Today, Tesla is up to $318.38 and could easily test $350 soon.

In addition, trade talks may be helpful. 

Not only did the U.S. and U.K. unveil a framework for a potential trade deal, but China and the U.S. also have a deal in place. Plus, TD Cowen upgraded the TSLA stock to a buy rating with a price target of $388. “While we are valuation-/sentiment-minded when recommending stocks, we agree with the underlying notion that Tesla cannot be compared to other automaker stocks, not because it isn’t an ‘auto company’, but because it’s arguably best positioned to capture sizable opportunities that exist across auto/mobility and adjacent markets,” said the firm, as quoted by CNBC.

Sincerely,

Ian Cooper