Why Tesla Stock Popped 6% Monday Morning
Easy go, easy come. On Friday, Tesla (NASDAQ: TSLA) stock closed out the month of October on a low note, falling 5.5% after Consumer Reports rated the company's Autopilot autonomous driving software "a distant second" to the Super Cruise driving tech offered by General Motors.
Things could have continued going poorly for Tesla today, with Automotive News reporting that Germany's Umweltbundesamt (Federal Environmental Agency) has levied a $14 million fine against Tesla "alleging its non-compliance under applicable laws relating to market participation notifications and take-back obligations with respect to end-of-life battery products required thereunder."
Instead, Tesla stock is going up today, up 4.1% as of 10:20 a.m. EST, despite the fine. Why?
Source Fool.com
