Tesla Inc (NASDAQ:TSLA) has been on the move lately as TSLA stock has risen by 25.9% in the past four weeks, and it is currently trading well above its 20-day simple moving average. This is a pretty solid move higher, but the question that has to be on investors’ minds right now is can this trend in TSLA continue?
While there can be no telling for sure, it is certainly encouraging that earnings estimates have risen in the past few weeks on the company, suggesting that sentiment on Tesla is moving in the right direction. In fact, TSLA stock currently has a Zacks Rank #2 (Buy), suggesting that the recent run could certainly continue for this in-focus company. You can see the complete list of today’s Zacks #1 Rank stocks here.
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Tesla, Inc. (TSLA): Free Stock Analysis Report
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