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." 

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Source Fool.com