Why Tesla's Stock Is Inching Higher Today
Shares of Tesla (NASDAQ: TSLA) were gaining ground today, on seemingly no company-specific news. Instead, investors may be pushing the electric vehicle (EV) stock higher on positive comments about the EV industry from Volkswagen's CEO. Additionally, investors had a generally optimistic view of stocks today following the release of the Federal Reserve's minutes from its latest meeting.
The EV stock was up by 3.9% as of 11:31 a.m. ET.
First, Tesla investors may be processing comments made by Volkswagen CEO Herbert Diess, who told CNBC this morning that the EV outlook is "very good."
Source Fool.com
