Why Tesla Was Rallying Yet Again Today
Shares of Tesla (NASDAQ: TSLA) were rising again today, up 9.6% on Friday as of 1:24 p.m. EST.
Although the electric vehicle (EV) leader reported earnings after the bell on Wednesday, it appears investors weren't content with yesterday's big gains. The stock continued its upward momentum following CEO Elon Musk's positive commentary on January orders and rosy projections for production in the year ahead.
Many analysts also upgraded the stock post-earnings, and another longtime Tesla bull reiterated his "buy" rating on Friday.
Source Fool.com
