Tesla Stock Gains and All-Time High
Tesla stock is on a six-day winning streak and is approaching an all-time high. The stock is up 2.8% at $412.15, with expectations of reaching a record closing high. The positive momentum is driven by November inflation data and the anticipation of a Federal Reserve interest rate cut. Analysts have raised their price targets for Tesla, citing CEO Elon Musk's relationship with President-elect Donald Trump and the company's AI opportunity. Despite trading above price targets, this is not unusual for Tesla. The stock has been above the average target price for over half of the past five years.