Tesla Stock Is Outrageously Cheap. Here's Why There Could Be Another 100% in Upside Potential.
From some perspectives, Tesla (NASDAQ: TSLA) looks outrageously expensive. For example, its shares trade at nearly 14 times sales. For comparison, Rivian, another popular electric vehicle (EV) stock, trades below 4 times sales.
To be clear, I’m a big fan of Rivian.
S&P 500 Bulls Breaking 7,175 as GDP, Core PCE and AI Momentum Support A May Rally
12-brick Renko chart of the SPX 500 Index
Source: TradingView
The Verdict
Current Trend Direction: Bullish
Bias: Positive
Support Levels: 6,310, 6,920
Resistance Levels: 7,450, 8,150
Medium Term Path: To me this move is looking like a springboard for the S&P 500 The 7,200 level is acting as the immediate breakout zone.
Read MoreHow major US stock indexes fared Thursday 4/30/2026
The U.S stock market motored to more records as profits keep piling up for big businesses.
The S&P 500 rallied 1% Thursday and topped its prior all-time high to finish its best month in more than five years. The Dow Jones Industrial Average jumped 1.6%, and the Nasdaq composite climbed 0.9% to its own record.
» Read more about: How major US stock indexes fared Thursday 4/30/2026 »
Read MoreUS Economy Grows 2% Despite Iran War Oil Shock, But Risks Loom
While rising energy prices did dampen growth somewhat, private investment, consumer spending, and government expenditures remained relatively strong during the period.“On net it’s a solid number. Consumer spending has held up,” said Jason Draho, head of asset allocation for the Americas at UBS. However, he cautioned that this strength “could be fully offset” if higher energy prices persist for the next six months.
» Read more about: US Economy Grows 2% Despite Iran War Oil Shock, But Risks Loom »
Read MoreTradeStation links Tradetron to automate retail options trading
TradeStation has integrated Tradetron into its brokerage infrastructure, enabling retail traders to design, test, and automate rules-based options strategies within a single workflow. The API …
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Read MoreThe Burst
1 Undervalued Homebuilder Could Soar—Why Investors Are Watching
Dream Finders Homes (NYSE:DFH) is a home-building company that focuses on the fast-growing Sun Belt real estate market.
Like many stocks tied to the real estate market, however, DFH has been through an extremely rocky period over the last year. The stock is down over 30% in the last 12 months,
» Read more about: 1 Undervalued Homebuilder Could Soar—Why Investors Are Watching »
Read MoreThe Ivy
Is AMC Entertainment Staging a Monster Comeback?
AMC Entertainment (NYSE: AMC) isn’t exactly the comeback kid just yet, but you might want to keep it on your radar.
Over the past month, shares have quietly climbed 14.96%, a surprising twist for a stock that’s still down more than 39% from last year and worse from its meme stock mania highs,
» Read more about: Is AMC Entertainment Staging a Monster Comeback? »
Read MoreThe Spotlight
Chipotle’s Sizzling Success Fueling Unstoppable Growth
Chipotle Mexican Grill continues to thrive in the fast-casual dining sector, surpassing expectations despite facing tough year-over-year revenue comparisons.
The burrito chain not only maintained its growth trajectory but accelerated it, translating to a 14.1% increase year over year to $2.7 billion in Q1 2024. The growth is particularly impressive given that it follows a 17.2% increase in the same quarter last year.
» Read more about: Chipotle’s Sizzling Success Fueling Unstoppable Growth »