1 Wall Street Analyst Just Called Tesla a Top Pick. Is it a Buy Now?

Tesla (TSLA 5.93%) stock has emerged as a big winner in 2024. First, the stock soared after its Q3 earnings report release on Oct. 2, posting stronger profit growth than expected, as well as solid revenue growth. Then, Tesla stock soared following the election of Donald Trump as U.S. president. CEO Elon Musk closely aligned himself with Trump, spending hundreds of millions to help get him elected. Investors now expect Tesla will get favorable treatment in return. Reports have also emerged that Tesla will la ...