Tesla up 4% premarket, riding on Musk's 'hold' recommendation
ReutersMar 24, 2025 9:47 AM
Tesla TSLA.O rises 4% to $258.70 premarket, after closing 5.3% higher on Friday
On Thursday, CEO Elon Musk urged employees to "hold onto your stock" and focused on previously promised products such as autonomous taxis and humanoid robots
YTD, TSLA sheds 38.4% amid rising competition, aging lineup, backlash against Musk's role in overseeing federal spending cuts
In comparison, automaker GM GM.N has fallen 6.5%, while Ford
Stock rated "buy" on avg; median PT is $335.38, per data compiled by LSEG
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