Tesla(US:TSLA) The Motley Fool·2025-01-04 15:22Tesla Stock Performance - Tesla stock surged by over 62% in 2024, driven by investor optimism around CEO Elon Musk's advisory role to Donald Trump [1] - Despite weaker-than-expected Q4 2024 deliveries, Canaccord Genuity analyst George Gianarikas raised the price target by $106 per share to $404, maintaining a buy rating [2][3] Growth Potential and Valuation - Tesla is valued at 40 times its forecasted 2027 earnings, with potential to grow earnings at twice the rate of other large tech stocks [6] - The company's energy storage deployments more than doubled for the second consecutive year in 2024, with further growth expected in 2025 [7] Key Products and Technologies - Tesla's Full Self-Driving (FSD) technology is a critical growth driver, with the latest version generating significant user excitement [4] - The potential for a robotaxi fleet and the $8,000 FSD upgrade for existing vehicles could significantly boost profit margins [4][5] - New products like fully autonomous cybercabs, humanoid robots, and the Shanghai megafactory are expected to drive future growth [7]