On Wednesday, investors Gary Black of The Future Fund LLC and Gene Munster, managing partner at Deepwater Asset Management, shared their views on Elon Musk-led Tesla Inc.‘s (NASDAQ:TSLA) recent stock rally.
Gary Black Shares His View
The analysts took to the social media platform X to express their views. Black, in a post, shared screenshots of a Barron’s article by Al Root, outlining three reasons for the stock rally.
“The Mystery Behind TSLA’s Sudden Stock Rise,” Black said. The article listed reasons like Musk sharing a picture of Tesla’s AI5 chip and sharing that the AI4 chip was capable of achieving better FSD performance.
The article also listed Black’s comments about investors looking forward to the end of the Iran war, as well as the SEC’s proposed easing of restrictions for day trading, potentially changing a rule that restricted traders with less than $25,000 in margin accounts from making more than four day trades within five business days.
Notably, Tesla stock was seen trending overnight as analyst Itay Michaeli of TD Cowen maintained a bullish outlook, adjusting the price target to $490.
Gene Munster Says AI5 Is The Reason Behind Rally
Munster, on …
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