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Tesla (TSLA) shares saw a slight dip of 0.13%, closing at $409.91 on Monday, January 6, 2025, as of 12:39 PM, after a rollercoaster start to the new year. While AI continues to dominate investor attention, Tesla’s stock had fluctuated throughout the day, with a high of $423.31 and a low of $406.88, reflecting the uncertainty in the market.
Despite a slight pullback, the electric vehicle maker’s stock has had a positive performance so far in early 2025, up 2% year-to-date. This comes after a period of volatility in late 2024, driven by weaker-than-expected fourth-quarter deliveries. Although Tesla reported delivering a record 495,570 vehicles in the fourth quarter, Wall Street analysts had expected closer to 507,000, resulting in an initial drop of 6.1% in the stock price.
Shares of Tesla rebounded on Friday, up 8.2%, after analysts like Canaccord’s George Gianarikas raised their price target for the company to $404 from $298, continuing to back Tesla’s growth potential despite the recent delivery miss.
While electric vehicle sales remain a cornerstone of Tesla’s business, it’s the company’s involvement in artificial intelligence that continues to draw investor interest. As the AI sector expands, Tesla’s innovations are likely to remain a key factor in the company’s stock performance.
Disclaimer: This article is for informational purposes only and does not constitute financial advice.