Tesla Stock Hits Three-Year, 52-Week High Surpassing $370; Cramer Projects Rise to $500

Dec 5, 2024, 02:46 PM

Tesla Inc.'s stock (TSLA) surged today, reaching new multi-year highs and approaching its all-time high of $414.50. The stock broke above $370, hitting a three-year high and a 52-week high, now just 10% away from its all-time high. Shares rallied over key levels, breaking above $360 and reaching price points of $380.70 and $395.56. TSLA gained 3.75% early in the day, with implied volatility increasing by 5%. Market analysts noted the strong upward momentum, with CNBC's Jim Cramer expressing that TSLA has the potential to reach $500 per share.