Tesla's stock is experiencing a notable uptick on December 23, 2024, driven by several key developments. Barclays has projected Tesla's Q4 deliveries to slightly exceed expectations, forecasting 515,000 units, which is above the consensus estimate of 511,000. This potential beat in deliveries is contributing to the positive sentiment around Tesla, despite the firm's caution that the focus on Tesla's fundamentals remains limited. Additionally, the recent launch of the highly anticipated Cybertruck has captured significant market attention, with its unique design and advanced features positioning it as a strong competitor in the electric vehicle market. These factors, combined with Tesla's ongoing efforts to reduce costs and expand its product lineup, are bolstering investor confidence.
The Graniteshares 2x Long TSLA Daily ETF (TSLR) is currently priced at $49.37, reflecting a 3.57% increase from the previous close.