Why Tesla Stock Bounced Higher on Tuesday
December was initially looking quite gloomy for (NASDAQ: TSLA) stock, but on Tuesday, the world's largest automaker by market cap saw an uptick in price. Shares of the bellwether electric vehicle (EV) company rose by nearly 1.5% on the day. Investors weighed several pieces of news in both the EV space generally and regarding Tesla specifically, ultimately deciding the positive trumped the negative.
It seems the most impactful event occurred with a major Tesla peer. China's Nio reported its third-quarter results, revealing still robust (46% year-over-year) growth in EV sales. Net losses -- both according to GAAP and non-GAAP (adjusted) standards -- were deeper than they were in the year-ago period, but not worryingly so.
The main takeaway is that demand for EVs remains robust in China's huge market, a good sign for next-generation vehicle makers anywhere in the world.
Source Fool.com
Tesla Inc Aktie
Leichtes Buy-Interesse bei Tesla Inc, mit mehr Buy- als Sell-Einschätzungen.
Für Tesla Inc sieht die Community ein Kursziel von 245 €, was eine erhebliche Steigerung um über 20% gegenüber dem aktuellen Kurs von 202.35 € bedeutet.
