Zacks Investment Ideas feature highlights: General Motors, Ford and Tesla

For Immediate ReleaseChicago, IL – December 26, 2024 – Today, Zacks Investment Ideas feature highlights General Motors GM and Ford F, Tesla TSLA.Should Investors Still Buy Tesla Stock After Such an Impressive Rally?Impressively outperforming the broader indexes, and many of its auto peers such as General Motors and Ford, Tesla shares have rallied +25% in December and are up over +75% year to date.Investors may certainly be wondering if they should chase the surge in the EV leader's stock and if Tesla should have a spot in their portfolio as we edge closer to the new year.Why Market Sentiment is High for TSLALeading to high investor sentiment for Tesla is that many analysts have remained bullish on the company's long-term initiatives. This includes the expansion of Full Self-Driving (FSD) or autonomous vehicle production in its EV fleet along with the planned launch of robotaxis.Also sparking the continued surge in TSLA is the re-election of Donald Trump who has appointed Tesla CEO Elon Musk as a co-leader to head the new Department of Government Efficiency (DOGE).While Musk will not be an official member of the President's cabinet, the Trump administrations deregulation stance in favor of EV manufacturers has led to much optimism in terms of benefiting Tesla's operations and expansion plans.Tesla's Growth TrajectoryBased on Zacks estimates, Tesla's total sales are now expected to increase 3% in fiscal 2024 and are projected to expand another 17% in FY25 to $117.58 billion.On the bottom line, annual earnings are expected to dip to $2.47 per share this year compared to EPS of $3.12 in 2023. However, FY25 EPS is projected to rebound and soar 32% to $3.26 per share.Positive EPS RevisionsFurther supporting the rally in Tesla stock is that FY24 and FY25 EPS estimates have risen 10% and 8% over the last 60 days, respectively.Bottom LineBased on the trend of positive earnings estimate revisions, Tesla stock currently sports a Zacks Rank #1 (Strong Buy). Furthermore, the implied governmental support Tesla will receive under the Trump administration does suggest TSLA should remain a viable investment going into 2025.Why Haven't You Looked at Zacks' Top Stocks?Since 2000, our top stock-picking strategies have blown away the S&P's +7.0 average gain per year. Amazingly, they soared with average gains of +44.9%, +48.4% and +55.2% per year.Today you can access their live picks without cost or obligation.See Stocks Free >>Media ContactZacks Investment Research800-767-3771 ext. 9339support@zacks.comhttps://www.zacks.comPast performance is no guarantee of future results. Inherent in any investment is the potential for loss. This material is being provided for informational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. It should not be assumed that any investments in securities, companies, sectors or markets identified and described were or will be profitable. All information is current as of the date of herein and is subject to change without notice. Any views or opinions expressed may not reflect those of the firm as a whole. Zacks Investment Research does not engage in investment banking, market making or asset management activities of any securities. These returns are from hypothetical portfolios consisting of stocks with Zacks Rank = 1 that were rebalanced monthly with zero transaction costs. These are not the returns of actual portfolios of stocks. The S&P 500 is an unmanaged index. Visit https://www.zacks.com/performancefor information about the performance numbers displayed in this press release.Free: 5 Stocks to Buy As Infrastructure Spending SoarsTrillions of dollars in Federal funds have been earmarked to repair and upgrade America’s infrastructure. In addition to roads and bridges, this flood of cash will pour into AI data centers, renewable energy sources and more.In, you’ll discover 5 surprising stocks positioned to profit the most from the spending spree that’s just getting started in this space.Download How to Profit from the Trillion-Dollar Infrastructure Boom absolutely free today.Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Ford Motor Company (F): Free Stock Analysis Report General Motors Company (GM): Free Stock Analysis Report Tesla, Inc. (TSLA): Free Stock Analysis ReportTo read this article on Zacks.com click here.Zacks Investment ResearchWeiter zum vollständigen Artikel bei Zacks Weiter zum vollständigen Artikel bei Zacks