Is Today's Pop a Good Reason to Buy Tesla Stock?
Shares of (NASDAQ: TSLA) jumped as much as 5% today. Some news about the company and its plans might have some investors excited to grab shares as the trading week kicks off. The stock closed Monday's session with a gain of 4.2%.
Now the question is whether the reasons for the jump are good enough for investors to follow those who bought in today.
Tesla shares have dropped about 13% over the past month, giving what some investors seem to think is a good opportunity to add shares. The reason for the drop is likely associated with what has occurred in the recent past with the company. Third-quarter results disappointed investors with declines in vehicle production and profitability.
Source Fool.com
Tesla Inc Stock
€206.10
1.400%
Currently there is a rather positive sentiment for Tesla Inc with 72 Buy predictions and 29 Sell predictions.
As a result the target price of 240 € shows a slightly positive potential of 16.45% compared to the current price of 206.1 € for Tesla Inc.
