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Why Tesla Stock Rallied Today

TheMotleyFool

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Why Tesla Stock Rallied TodayPhoto, wide shot, wide-angle lens, soft focus, Car rental company, Blue hour, twilight, cool, ISO1200, slow shutter speed, photo by Edward Burtynsky: https://oaidalleapiprodscus.blob.core.windows.net/private/org-IbuNdCATsFaPOITjFOv2kJh3/user-AXaxqjBUW45D8BadJEo9mUpW/img-C39HK7mRtkD4E8dIGhNKdJKJ.png?st=2023-05-14T13%3A30%3A04Z&se=2023-05-14T15%3A30%3A04Z&sp=r&sv=2021-08-06&sr=b&rscd=inline&rsct=image/png&skoid=6aaadede-4fb3-4698-a8f6-684d7786b067&sktid=a48cca56-e6da-484e-a814-9c849652bcb3&skt=2023-05-13T20%3A57%3A44Z&ske=2023-05-14T20%3A57%3A44Z&sks=b&skv=2021-08-06&sig=c7kEiWtHt1KibrlL7jP9uEmEuV%2BuAnv1nRBACXoedSk%3D

Shares of Tesla (NASDAQ: TSLA) rose on Monday after CEO Elon Musk said the electric vehicle (EV) maker's Model S Plaid luxury sedan is likely to make its debut in China in March.

By the close of trading, Tesla's stock price was up 1.7%, after rising as much as 5.7% earlier in the day.

"Model S Plaid is sickkkk!!!!," Musk said on Twitter early Monday morning. That led to a question asking when the new luxury vehicle would arrive in China. Musk replied, "Probably around March."

Source Fool.com

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