Why Tesla Stock Moved Higher Again Today
Elon Musk is making his first visit to China in three years, and investors like the implications of that. Shares of (NASDAQ: TSLA) jumped higher by as much as 6% on that and other news to start the trading week. As of 10:35 a.m. ET today, the stock was still higher by 4.3%.
Tesla stock has had a good month, up almost 25% in May.
Investors likely think Musk's visit signals a renewed focus on Tesla -- and China in particular -- after he hired a new CEO to run Twitter. He met with China's foreign minister, Qin Gang, and is expected to tour the company's Shanghai manufacturing plant.
Source Fool.com
Tesla Inc Stock
€204.95
0.840%
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 17.1% compared to the current price of 204.95 € for Tesla Inc.
