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 top analyst breaks down why you need to buy more Tesla stock right now before it's too late if you hold any Tesla stock or you're considering buying some you need to watch this full video right now hello everyone you're watching trade daily like And subscribe to get all the latest news on Tesla and Tesla stocks now let's get into the news that will start this off by looking at Tesla's stock price today is share of Tesla stock is trading at 194 dollars per share up 2.5 percent in the time of

recording a top analyst Monday raised his Tesla stock price Target after a jury on Friday found Tesla's CEO Elon must not liable Friday in a class action shareholder lawsuit over his 2018 funding secure tweets Tesla shares Advanced Monday wed wish analyst Daniel Ives a long time Tesla bull increased his Tesla stock price Target to 225 up from 200 and about 18 percent above where shares ended Friday eyes also maintained an outperform rating on the shares the decision to hike his price target comes

as Tesla stock has gained 58 on the year and is in the midst of a 91 percent run since it hit January 6 bear Market lows of 101.81 the macro remains uncertain and a recession could likely be on the doorstep however Tesla is now positioned well with its price points demand outstripping Supply so far in 2023 ads wrote Tesla stock gained 2.5 percent to 194.70 Monday during Market trade on Friday Tesla's shares edged up around 1 to 189.98 the early moves Monday come after a jury on Friday found must did not cost

investors billions of dollars when he tweeted in August 2018 that he was considering taking Tesla private musk tweeted at the time he was considering taking Tesla private at 420 a share the Tesla CEO added funding secured however funding was not in fact secured but must's attorney argued in San Francisco Federal Court that in that moment he didn't think after the court decision musk tweeted thank goodness the wisdom of the people has prevailed I am deeply appreciative of the jury's unanimous finding of innocence in the

Tesla 420 take private case he wrote Tesla stock still has room to run after price Cuts eyes wrote Monday that increased EV demand in China is just starting to hit its stride and should be a tail end in one queue on January 6 Tesla slashed prices for the model 3 and Y in China with the base model 3 cup more than 13 to 33 570 dollars the EV giant also cut prices in other Asian markets that day with further Cuts in Korea on February 3. the price cuts on model y slash 3 and resulted in a clear demand driver for

Tesla in this key China region and coupled with the reoping post lockdowns are having a meaningful impact for Tesla in the field over the last few weeks hydes wrote the global EV giant sold six to six thousand fifty one China made vehicles in January a 10.4 percent increase compared to a year ago of 18.4 percent vs December musk told investors on January 26 that Tesla saw the strongest orders year to date than ever in our history in January musk added that orders were coming in at almost twice the rate of production

signaling expectations for increased demand Tesla plans to produce an average of nearly 20 000 Vehicles a week at its Shanghai plant in February and March according to Reuters the company expects monthly production to roughly reach September levels of 82 000 vehicles Tesla stock model prices go up after cut Tesla also announced in mid-January price Cuts in the U.S and Europe to make more models eligible for tax incentives of 7 500 under the inflation reduction act era the EV Giant and cut us model

free prices by six percent fourteen percent depending on the trim the cut is standard trim model 3 rwd by three thousand dollars to forty three thousand nine hundred ninety dollars with the IRA tax credit applied to the vehicle consumers that meet income limits would be paying 36 240 dollars Tesla dropped the performance model 3 trim by nine thousand dollars to 53 990 getting under the initial fifty five thousand dollars limit for tax credits meanwhile Tesla slash base model y prices by Thirteen thousand dollars or

nearly twenty percent to fifty two thousand nine hundred ninety dollars also below the tax credit limit the performance variant for that vehicle was cut to fifty six thousand nine hundred ninety dollars also down thirteen thousand dollars in addition sports utility vehicles Subs priced up to eighty thousand dollars also qualify for the seven thousand five hundred dollars tax credit however on Friday the US Treasury Department revised vehicle classification definitions making more electric vehicles eligible for the tax

credits now the treasury will use Environmental Protection Agency fuel economy labeling standards this expands the definition of SUV to include more crossovers that will allow Vehicles such as Tesla's model wide qualify for earnings even when loaded with more auctions in response on Saturday Tesla Ray's U.S model y prices by 1000-1500 while dropping the base model 3 by 500 dollars eyes added Tesla could make more modest price increases over the coming months Tesla stocks Twitter soap opera over

I've said Monday must Twitter ownership seems to be moving into the background for Tesla's stock since musk bought Twitter for four to four billion dollars in late October 2022 the wed wish analyst has been a harsh critic the Tesla CEO focused on the social media platform Ives wrote Monday at his Twitter's financials appear to stabilize it relieves investor concern musk could sell more Tesla stock this is an important Dynamic that starts to remove this overhang from the Tesla story although remains a wild card in the

overall musk ecosystem until a CEO of Twitter is officially named over the coming months I've said musk on Sunday tweeted that Twitter still has challenges but is now trending to break even if we keep at it to be extra clear Twitter is definitely not financially healthy yet what is trending to be so Mustang in December 2022 eyes repeatedly Express his concern with musk Twitter and its negative impact on Tesla stock aftermos took over Twitter analysts said the Billionaire's tweets and the News cycle surrounding him was

hurting Tesla investors musk has used Twitter to make political statements and interact with people across the political Spectrum in late 2022 Ives called musk's Twitter Endeavor soap opera and a fiasco he added a cause brand deterioration for musk and Tesla Ives ended up cutting his Tesla stock price Target to 175 from 250 in mid-December 2022. and we are seeing weakness with stocks today but we are off the lows of the session from earlier this morning so just take a look at our S and P 500 it's

down about half of a percent but it was down as much as one percent earlier this morning I do want to point out what's been happening with the US dollar Index because we've been watching that and that inverse relation that we've seen as the dollar Index goes up you're seeing weakness when it comes to risk assets so the dollar index of about 103.61 and we are seeing that weakness when it comes to the stock market right now over on the sectors we're watching communication services and energy stocks

which are leading to the downside Consumer Staples is really the only sector that is in the green right now and over on the NASDAQ 100 do want to point out Tesla up two and one slash two percent Define the market weakness Today part of this has to do with the EV maker raising its prices on the model y in the U.S this by the way is the fifth straight day of gains for Tesla also checking out the Chinese ADR we have been seeing a lot of weakness with these Chinese ADR after that Chinese balloon flying over U.S territory was shot down

by the U.S so we are seeing a lot of weakness with these stocks also looking at the trending tickers I want to point out the trending tickers that are today training on Yahoo finance's homepage some of these have to do with AI and we have seen this rally when it comes to c3.ai up 10 today take a look here to date it's up 155 percent I wrote a piece on this for yagan finance about these AI related stocks and the popularity that we saw with chat GPT open Ai and well that is giving a boost to other AI related

stocks like big bear Ted AI as well and then finally just noting what's happening with RH Restoration Hardware down 7.4 percent this is after the luxury home furnishing retailer says it now sees full year 2022 Revenue growth at the lower end of its range also saying that it's correcting some accounting errors from 2022 statements so we're seeing pressure on that stock ratio and with that ladies and gentlemen we've come to the end of the news like And subscribe to stay up to date with all

the Tesla news but just before we go I'd like to remind you that this video is for news and entertainment only and should not be used as investment advice