- Tesla stock surged 15% over the past week, with analysts predicting up to 40% more upside this year.
- Despite a rough Q1 earnings report, experts say Tesla is regaining momentum, helped by a more focused Elon Musk.
- Musk announced he’ll step back from Trump’s DOGE commission to dedicate more time to Tesla moving forward.
It’s been a pretty wild year for the US stock market so far, and honestly, the so-called “Magnificent 7” stocks have gotten hit harder than most. But, in the past couple of weeks? Things have started to bounce back—and Tesla (TSLA) is right at the center of it. One expert even says the stock could be looking at a 40% upside before the year’s out.
Earlier this year, Tesla was deep in the weeds. Between a brand crisis, angry protests, and Elon Musk stirring up controversy (like usual), a lot of folks were getting nervous about Tesla’s 2025 outlook. But now… it kinda feels like the tides might be turning. And if the momentum holds, Tesla could be gearing up for even bigger gains.
Also Read: Tesla (TSLA) Faces “Code Red” – What’s Still Holding It Back?
Tesla Looks Ready To Keep Climbing As Experts Get Bullish
Just this week, Tesla dropped its Q1 earnings report—and let’s be real, it wasn’t exactly a home run. Still, the stock popped anyway. Analysts are actually seeing the weak report as a weirdly positive turning point for Tesla moving forward.
In just the last five days, Tesla’s shares have jumped over 15%, and on Friday alone, they climbed another 7%. That little surge could just be the beginning, with some experts hinting there’s a 40% boost ahead if things keep going the right way.
Also Read: Tesla (TSLA): Stock Down 33% – Is Now the Time to Buy, Hold, or Sell?
Wedbush’s Daniel Ives recently boosted his Tesla target price to $350, even though TSLA was sitting around $250 when he made the call. That’s a big leap from his previous $315 target too. Plus, he slapped an “outperform” rating on the stock, which got investors pretty hyped.
Even though the earnings report called it a “disaster quarter,” Ives saw something different. “We saw a dialed-in Musk on the conference call we have rarely seen in the past,” he pointed out. “Some of the brand damage will slowly go away… but importantly, Tesla got back its biggest asset… Musk himself.”
And in some surprising news—Elon Musk confirmed he’s stepping back from his big role in President Donald Trump’s DOGE commission. “Starting next month, I will be allocating far more of my time to Tesla,” Musk said. “The major work of establishing the Department of Government Efficiency is done.”
