Why "Magnificent Seven" Stocks Meta and Amazon Rallied Today, While Tesla Stock Tapped the Brakes
Since the beginning of last year, the group of stocks collectively referred to as the "Magnificent Seven" has helped push the market higher. The combination of industry-leading positions and connections to artificial intelligence (AI) has made this group of high-profile stocks a must-have for many investors. However, since the beginning of 2024, there's been a divergence, and while some members continue to pull their weight, others have fallen short.
With that as a backdrop, social media maven Meta Platforms (NASDAQ: META) climbed 3.1%, e-commerce and cloud pioneer Amazon (NASDAQ: AMZN) rose 3.1%, and electric vehicle (EV) specialist (NASDAQ: TSLA) tumbled 1.9%, as of 1:45 p.m. ET.
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Source Fool.com
Tesla Inc Stock
€231.05
5.210%
Currently there is a rather positive sentiment for Tesla Inc with 71 Buy predictions and 27 Sell predictions.
As a result the target price of 248 € shows a slightly positive potential of 7.34% compared to the current price of 231.05 € for Tesla Inc.
