Tesla Stock and Lithium Stocks Party on China's Plans to Ban Gas-Powered Cars
Tesla (NASDAQ: TSLA), Sociedad Quimica y Minera de Chile (NYSE: SQM), or SQM, and Albemarle (NYSE: ALB) stocks have been partying like it's 1999, jumping 9.9%, 14.3%, and 6.8%, respectively, in the first four trading days of this week, with the bulk of the gains coming on Monday.
The electric-vehicle (EV) specialist and the world's two largest lithium producers largely have China to thank for the strong week their stocks have been having.
Here's what you should know.
Source: Fool.com
Tesla Inc Stock
€159.84
-2.550%
Currently there is a rather positive sentiment for Tesla Inc with 56 Buy predictions and 27 Sell predictions.
As a result the target price of 248 € shows a very positive potential of 55.16% compared to the current price of 159.84 € for Tesla Inc.
