Tesla (TSLA): Why Expert Says Stock is Now Facing 40% Upside
It has been an increasingly volatile year for the US stock market, while the Magnificent 7 has been hit especially hard. However, things began turning around in a big way in the last two weeks. Amid that rebound, Tesla (TSLA) has emerged as a key player, with one expert saying the stock is now facing 40% upside this year.
The company had been experiencing a stark downturn since the start of the year, mostly because of a brand crisis taking place. Widespread consumer protests and a divisive CEO in Elon Musk had many worried about its 2025 prospects. Yet, the EV manufacturer may finally be turning the corner. Moreover, it may have even more gains set to be on the way.
Also Read: Tesla (TSLA) Faces “Code Red” : What Can Hold the Stock Back?
Tesla Eyes Continued Rebound as Analysts Have High Hopes For One Big Reason
This week, Tesla unveiled its Q1 earnings report, and the data certainly underperformed. That didn’t harm the stock, however, as this share price had an adverse reaction to the announcement. Interestingly, many analysts perceived the moment to be important in the asset’s turnaround for the rest of the year.
The EV manufacturer has already jumped more than 7% on Friday as it continues its 15% jump over the last 5 days. That could be the start of a significant turnaround, as Tesla is facing another potential 40% increase, with experts pointing to unique upside emerging for the stock.
Also Read: Tesla (TSLA): Stock Down 33%; Is Now the Time to Buy, Hold, or Sell?
Wedbush analyst Daniel Ives recently increased the company’s stock target to $350, when it was trading at just $250 at the time of the report. Moreover, Ives’s outlook was increased from his previous $315 projection. Additionally, he gave the stock an outperform rating amid recent developments.
Although the report highlighted a “disaster quarter” for the firm, there was a massive point of emphasis for Ives. “We saw a dialed-in Musk on the conference call we have rarely seen in the past,” he said. “Some of the brand damage will slowly go away… but importantly, Tesla got back its biggest asset… Musk.”
The CEO confirmed that he was taking a step back from his position atop US President Donald Trump’s DOGE commission. “Starting next month, I will be allocating far more of my time to Tesla,” he said. “The major work of establishing the Department of Government Efficiency is done.”
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Tesla (TSLA): Why Expert Says Stock is Now Facing 40% Upside
It has been an increasingly volatile year for the US stock market, while the Magnificent 7 has been hit especially hard. However, things began turning around in a big way in the last two weeks. Amid that rebound, Tesla (TSLA) has emerged as a key player, with one expert saying the stock is now facing 40% upside this year.
The company had been experiencing a stark downturn since the start of the year, mostly because of a brand crisis taking place. Widespread consumer protests and a divisive CEO in Elon Musk had many worried about its 2025 prospects. Yet, the EV manufacturer may finally be turning the corner. Moreover, it may have even more gains set to be on the way.
Also Read: Tesla (TSLA) Faces “Code Red” : What Can Hold the Stock Back?
Tesla Eyes Continued Rebound as Analysts Have High Hopes For One Big Reason
This week, Tesla unveiled its Q1 earnings report, and the data certainly underperformed. That didn’t harm the stock, however, as this share price had an adverse reaction to the announcement. Interestingly, many analysts perceived the moment to be important in the asset’s turnaround for the rest of the year.
The EV manufacturer has already jumped more than 7% on Friday as it continues its 15% jump over the last 5 days. That could be the start of a significant turnaround, as Tesla is facing another potential 40% increase, with experts pointing to unique upside emerging for the stock.
Also Read: Tesla (TSLA): Stock Down 33%; Is Now the Time to Buy, Hold, or Sell?
Wedbush analyst Daniel Ives recently increased the company’s stock target to $350, when it was trading at just $250 at the time of the report. Moreover, Ives’s outlook was increased from his previous $315 projection. Additionally, he gave the stock an outperform rating amid recent developments.
Although the report highlighted a “disaster quarter” for the firm, there was a massive point of emphasis for Ives. “We saw a dialed-in Musk on the conference call we have rarely seen in the past,” he said. “Some of the brand damage will slowly go away… but importantly, Tesla got back its biggest asset… Musk.”
The CEO confirmed that he was taking a step back from his position atop US President Donald Trump’s DOGE commission. “Starting next month, I will be allocating far more of my time to Tesla,” he said. “The major work of establishing the Department of Government Efficiency is done.”
Read More