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Elon Musk’s magic? Tesla gains 30% in the past month – top reasons why shares are rising

By Yahoo Finance

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Elon Musk's magic? Tesla gains 30% in the past month - top reasons why shares are rising

AgenciesTesla stock forecast 2025

Tesla stock forecast 2025: Tesla stock has been on a tear in 2025, surging more than 30% in just the past month as investors rally behind Elon Musk’s vision for self-driving cars and new growth opportunities, as per a report.Tesla Stock Hits New 2025 HighOn Monday, Tesla closed at 434.21 dollars, up nearly 2%, setting a fresh 2025 high and extending a winning streak that has seen gains in nine of the last ten trading sessions, as per a Yahoo Finance report.Musk’s $1 Billion Tesla Share Purchase Sends Strong SignalOne big spark for the rally came last week when Elon Musk personally purchased $1 billion worth of Tesla shares, according to the report. The move sent a clear signal of confidence to Wall Street, even as debates continue around his new compensation proposal and outsized influence on the company.ALSO READ: iPhone 17 rocks: Dan Ives raises price target on Apple stock to highest among Wall Street peersRobotaxi Expansion Beyond Austin Fuels Investor BuzzTesla’s long-promised robotaxi network is also keeping investors excited. The company has announced plans to expand testing beyond Austin, Texas, into Nevada, Florida, and eventually California, as per the Yahoo Finance report. Live EventsRegulatory Roadblocks in CaliforniaBut a Reuters report revealed a reality check: Tesla has not yet applied for the permits it needs in California, a process that could take years. For now, the company is only running pre-arranged trips with human drivers.ALSO READ: Bitcoin’s biggest political test yet lands on Tuesday — here’s why it mattersWall Street Analyst Hikes Tesla Price Target to $500Adding momentum, Piper Sandler analyst Alexander Potter raised his Tesla price target from $400 to $500 following a trip to China, as per the Yahoo Finance report. Potter said that while automakers like Xiaomi, Li Auto, and Leapmotor may be ahead of Tesla in vehicle assembly, they still look to Tesla for leadership in real-world AI and self-driving technology, according to the report.He said, “When it comes to ‘real world’ AI, these companies [Chinese EV makers] look to Tesla for guidance — not the other way around. In the words of one company, ‘without Tesla going from 0 to 1, we can’t go from 1 to 100,’” as quoted by Yahoo Finance.Potter also highlighted the firm’s experience with Tesla’s latest version of FSD (full self-driving) and projects a record quarter of sales in Q3, reported Yahoo Finance.FAQsHow much has Tesla stock gained in the past month?Tesla shares are up more than 30% over the last month, as per Yahoo Finance.Why is Tesla stock rising?Strong demand for its self-driving vision, Elon Musk’s stock purchase, and Wall Street upgrades are driving the rally.Add as a Reliable and Trusted News Source Add Now!
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