'Tesla Is Back': Jim Cramer Expects Stock Rally, Elon Musk To Outsmart UAW's Fain

Grand News Network | November 6, 2023

Jim Cramer says Tesla Inc (NASDAQ: TSLA) is back after the stock fell about 16% over the last month. The "Squawk On The Street" host expects the share price to reach $300.

"Tesla is back ... I think that stock goes to $300," Cramer said Monday morning on CNBC.

Austin, Texas-based Tesla is currently trading at $215.90 per share on last check Monday, down 1.84%. Tesla shares have faced heavy selling pressure in recent weeks since the EV maker reported disappointing financial results in mid-October.

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Tesla missed analyst estimates on both the top and bottom line and turned in production numbers that were down sequentially. 

Multiple analysts ...

Full story available on Benzinga.com


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