Fundstrat’s Mark Newton nailed Tesla’s stock moves before—calling the $143 bottom, the $265 breakout, and a $565 target. Now, he’s even more bullish, predicting Tesla will hit $614 by early next year!
Highlights
- 📉 Historical Pullbacks: Tesla has historically experienced significant spring pullbacks, usually between 30% to 60%.
- 📅 Near-Term Predictions: He predicts a bottom around $314 within the next couple of weeks, followed by a potential rally.
- 📈 Bullish Outlook: Newton maintains a bullish outlook for Tesla, projecting a possible price target of $614 by the end of the year.
- 🏦 Broad Market Trends: Newton shares that the broader market is still healthy, with expectations for over 10% gains this year.