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TSLA Surges on a Flood of News

The last few days have been huge for electric car maker Tesla (NASDAQ:TSLA). A lot has happened, and not all of it has been good. However, it’s good enough for investors, who sent Tesla up over 5% at the time of writing. First, word emerged that Tesla’s delivery numbers were set to come out this weekend. The company’s fourth-quarter earnings call pointed out that demand was way ahead of production. In fact, demand was running about twice what production was.

But that’s just for starters. Tesla—via CEO Elon Musk—will soon have a meeting with China’s premier, Li Qiang. Though the meeting hasn’t been confirmed, plans are apparently up to the “finalized” level, which suggests the meeting will go off. No one’s sure, as yet, what the meeting’s topics will include, but there might be something involving the tax exemptions Tesla had back in 2019.

Finally, Tesla’s also having some new issues with its electric semi. More specifically, there’s an issue with an electronic parking brake valve module. It could fail while the truck is parked, and the vehicle may roll away. But Tesla is offering a new valve, which should fix the problem.

Overall, with 20 Buy recommendations, 10 Holds, and three Sells, the analyst consensus on Tesla stock is generally positive. On average, the stock is rated a Moderate Buy. In addition, it also offers modest upside potential thanks to its average price target of $214.54.


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