Read more
3:59 PM · 7 January 2021

Tesla stock surges 5% after RBC upgrade

-
-
Open account Download free app

Tesla (TSLA.US) shares hit new all-time high after an analyst upgrade. RBC Capital Markets, which was known for its bearish view on the stock of the electric car manufacturer, upgraded its investment stance  to ‘sector perform’ from ‘underperform’, saying it got its original stance “completely wrong”.  Yesterday Morgan Stanley rated Tesla's stock at Buy and increased price target on shares to $810, the highest mark on Wall Street, from $540. If Tesla's share prices had risen to this level, market capitalizations would reach almost $1 trillion dollars.

Also the takeover of the Senate by the Democrats supports renewable energy stocks like Tesla. This party is seen more willing to help subsidize growth in green energy than Republicans and some investors believe that this could lead to legislation that benefits Tesla.

Tesla (TSLA.US) stock yesterday broke above the upper limit of the ascending channel and today reached a fresh all-time high and is testing the psychological resistance at $800.00 per share. A break higher may pave the way for a bigger upward impulse towards resisitance at $1000.00 per share. On the other hand, if sellers will manage to halt advances here, downward correction could be on the cards. The nearest support lies at $686.00 per share. Source: xStation5
6 February 2026, 2:09 PM

Kongsberg Gruppen after earnings: The company catches up with the sector

6 February 2026, 1:20 PM

Market wrap: European indices attempt a rebound after Wall Street’s record selloff 🔨

6 February 2026, 6:56 AM

Morning wrap: Tech sector sell-off (06.02.2026)

5 February 2026, 9:38 PM

Amazon shares tumble 10% as investors recoil at the price of AI dominance

Join over 2 000 000 XTB Group Clients from around the world
The financial instruments we offer, especially CFDs, can be highly risky. Fractional Shares (FS) is an acquired from XTB fiduciary right to fractional parts of stocks and ETFs. FS are not a separate financial instrument. The limited corporate rights are associated with FS.
This page was not created for investors residing in Brazil. This brokerage is not authorized by the Comissão de Valores Mobiliários (CVM) or the Brazilian Central Bank (BCB). The content of this page should not be characterized as an investment offer in Brazil or for investors residing in that country.
Losses can exceed deposits