Tesla shares rose Thursday morning after a U.S. State Department forecast was reported Wednesday afternoon, revealing that the electric vehicle maker is a possible choice for an estimated $400 million contract for armored electric vehicles.

The final earnings release of 2024 finalized another difficult year for Tesla’s bottom line, as its full-year net income came in at $8.4 billion, a 23% decrease from 2023 and a 40% decline from 2022’s record $14.1 billion profit, though its full-year revenue rose $97.7 billion, a 1% improvement from 2023’s record.

He views Tesla as a vertically integrated AI play. Tesla has millions of cars on the road generating data, which can develop the software to make cars drive themselves. It also ha

The average analyst target price is up about $30 in February, moving it to $380 a share, according to FactSet. That’s the highest target ever for Tesla stock.