So long to the “Trump bump,” as Tesla’s stock is now trading below where it was before the election, as another month of bad sales data from China helped trigger the latest selloff.

Investing.com -- Tesla's (NASDAQ:TSLA) stock experienced a dramatic 84% surge following the 2024 Presidential election, primarily driven by CEO Elon Musk’s close ties to U.S. President Donald Trump.

Investing.com -- Tesla’s (NASDAQ:TSLA) stock experienced a dramatic 84% surge following the 2024 Presidential election, primarily driven by CEO Elon Musk’s close ties to U.S. President Donald Trump.

The U.S. Supreme Court’s decision to strike down a ban on bump stocks, the gun attachments that enable semiautomatic weapons to fire rapidly like a machine gun, could open the door to more lethal ...

Back to its stock, analysts are almost universally bullish. They’re more than willing to pay the premium due to the fundamentals. The consensus price target of $2,402.81 implies 16.08% upside.

The stock boasts a 5.6% dividend yield after steadily stumbling more than 30% since peaking around a year ago. Of course, U.S. tariffs on Canadian crude have been rattling Canada’s energy sector.