Why Tesla Stock Triumphed Today
Any time a company improves its business in a major (and highly competitive) market is cause for celebration. That was the case on Thursday with electric vehicle (EV) pace-setter (NASDAQ: TSLA), which revealed that it's getting its product to market more quickly in a key foreign country.
As a result, investors traded the company's stock up by almost 5%, a figure much higher than the S 500 index's 0.3% bump on the day.
As reported by stock market website StreetInsider.com, Tesla's Chinese website updated its expected delivery time frames for its popular Model 3 sedan and Model Y crossover. Previous to those updates, Tesla last updated its projected times in November.
Source Fool.com
Tesla Inc Stock
€227.80
5.150%
Currently there is a rather positive sentiment for Tesla Inc with 85 Buy predictions and 29 Sell predictions.
As a result the target price of 249 € shows a slightly positive potential of 9.31% compared to the current price of 227.8 € for Tesla Inc.
