Press Release

  • Grand News Network
  • November 6, 2023

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

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.

Check This Out: Does Elon Musk See Tesla Robotaxis Joining Search For Alien Intelligence?

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

Multiple analysts ...

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