Here's Why Tesla Shares Accelerated Higher in September
Shares in (NASDAQ: TSLA) surged by a remarkable 33.2% in September, according to data provided by S&P Global Market Intelligence. The move is primarily a result of an accumulation of positive newsflow throughout the month, rather than any one overarching event.
First, CEO Elon Musk purchased approximately $1 billion worth of stock in the open market on Sept. 12, which helped boost confidence in the company's future. Musk's leadership of Tesla and the fact that the real value in the company lies in technology that hasn't been fully developed or even approved for widespread commercial operation mean that his words on the company matter.
And his actions matter even more. As such, investors took heart from his substantial stock purchase.
Source Fool.com
Tesla Inc Stock
Currently there is a rather positive sentiment for Tesla Inc with 108 Buy predictions and 45 Sell predictions.
As a result the target price of 397 € shows a slightly positive potential of 15.74% compared to the current price of 343.0 € for Tesla Inc.
