Tesla stock rises 5% after President Trump's endorsement

fool.com

Tesla stock rose 5% today after a significant sell-off yesterday. This increase comes as the S&P 500 fell 0.4% and the Nasdaq Composite gained 0.2%. President Trump expressed support for Tesla and CEO Elon Musk, stating he would buy a new Tesla. This endorsement may influence investor sentiment. Wedbush maintained an outperform rating for Tesla, with a price target of $550 per share, suggesting a potential 135% increase. They believe protests against Tesla will have minimal impact on sales.


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