Tesla (TSLA) is charging ahead in premarket trading on Monday with nearly a 4% gain as of writing. This follows a more than 5% increase on Friday after CEO Elon Musk addressed employees in a company-wide meeting to lift morale. After a turbulent start to 2025, the EV giant’s latest surge hints at a potential rebound. However, whether this momentum signals a sustained recovery or just a temporary boost remains to be seen. Investors are closely watching Tesla’s stock performance for signs of stability amid broader market volatility.
TSLA Races Ahead Among Magnificent Seven Stocks
TSLA stock is leading the Magnificent Seven (MAGS) in pre-market trading on Monday. Among its peers, Meta Platforms (META) gained 2.4%, Nvidia (NVDA) climbed 1.4%, while Amazon (AMZN) and Microsoft (MSFT) rose over 1%. Alphabet (GOOGL) and Apple (AAPL) also traded higher at the time of writing.
These stock gains are part of a larger upward trend in U.S. stock futures, fueled by signs that the next set of tariffs under President Donald Trump might be less severe than initially expected.
It’s a Tough Road Ahead for Tesla
Despite some recent gains, TSLA stock remains down 38% year-to-date. Even with today’s uptick, the stock’s overall trajectory offers little reassurance of a turnaround.
A key concern for investors is Musk’s divided focus. His involvement with the DOGE (Department of Government Efficiency) appears to be taking priority, while Tesla faces declining sales in Europe and ongoing market volatility weighing on its shares. Tesla has also encountered growing backlash, including protests, boycott movements, and acts of vandalism, reflecting a rise in negative sentiment surrounding the company.
Last week, analyst Dan Ives at Wedbush stated that Tesla is in a “crisis” and stressed that Musk needs to refocus on the company to drive a turnaround. Ives is usually a strong supporter of TSLA stock and has a Buy rating, predicting over 100% upside.
Is TSLA Stock a Buy?
Wall Street analysts are split on Tesla’s future, with opinions ranging from bullish optimism to cautious skepticism. According to TipRanks, TSLA stock has received a Hold consensus rating, with 14 Buys, 11 Holds, and 11 Sells assigned in the last three months. The average price target for Tesla shares is $335.32, suggesting a potential upside of 35% from the current level.
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