Optimistic on TSLA; 2-week price target may be exceeded given current trajectory.

We previously mentioned buy recommendations for Palointer and Tesla shares, but there is a logic behind that, which reflects some of this caution, even though they also have a valid point about the hardware sector.

and certainly a catalyst such as Tesla, could see a notable recovery.

In addition to our expectations regarding Tesla, Tesla stock is up 6% now. We were optimistic about it this morning. We set a price target for two weeks, and on this trajectory, we may exceed it.

if Tesla's beta coefficient is 2, and the S&P 500 rises by 1%, Tesla's stock is expected to rise by 2%. This is just an example. I can now review Tesla 's historical beta coefficients .

This would be relative to the S&P 500 index. It has a crude beta coefficient of about 1.88 and an adjusted beta coefficient of about 5. The adjusted beta coefficient attempts to predict future performance.

Therefore, its beta coefficient actually decreased. Therefore, the stock trades more closely with the performance of the S&P 500 index.