Tesla's stock is experiencing a notable upswing on December 23, 2024, driven by optimistic expectations for its Q4 delivery numbers. Analysts from Barclays have projected that Tesla's deliveries will slightly exceed expectations, which has bolstered investor confidence. This positive sentiment is further supported by the broader market's anticipation of a potential Santa Claus rally, which typically sees stock prices rise in the final week of December. Additionally, Tesla's continued advancements in autonomous driving and battery technology are reinforcing its position as a leader in the electric vehicle sector, attracting investor interest.
The Graniteshares 2x Long TSLA Daily ETF (TSLR) has surged to $50.50, marking a 5.94% increase from its previous close.