Why Tesla Stock Jumped on Friday
Shares of (NASDAQ: TSLA) jumped on Friday, rising about 5.8% by 9:50 a.m. ET. The stock's gain came after General Motors (NYSE: GM) said Thursday afternoon that it is partnering with Tesla to start enabling its electric vehicles (EVs) to charge at Tesla's fast-charging stations, called Superchargers.
Adding to the fuel for Tesla stock on Friday, several analysts have already commented on the news, noting that it's a positive development for the electric car maker.
"Our vision of the all-electric future means producing millions of world-class EVs across categories and price points, while creating an ecosystem that will accelerate mass EV adoption," said GM CEO Mary Barra in a press release Thursday afternoon. "This collaboration is a key part of our strategy and an important next step in quickly expanding access to fast chargers for our customers."
Source Fool.com
Tesla Inc Stock
Our community is currently high on Tesla Inc with 75 Buy predictions and 28 Sell predictions.
With a target price of 246 € there is a positive potential of 28.66% for Tesla Inc compared to the current price of 191.2 €.
