Why Did Tesla Stock Jump 10% This Week?
Lagging electric vehicle (EV) sales have continued for (NASDAQ: TSLA). This week, data from the European Automobile Manufacturers' Association showed that the EV maker's European sales plunged 48.5% in October compared to the same period last year.
That new sales data didn't hurt Tesla stock, though. Shares have jumped 9.8% this week alone, as of late-morning Friday trading, according to data provided by S&P Global Market Intelligence. That's because CEO Elon Musk has investors focusing on something other than EV sales.
Image source: Tesla.
Source Fool.com
Tesla Inc Stock
€349.15
-0.010%
Our community is currently high on Tesla Inc with 125 Buy predictions and 45 Sell predictions.
With a target price of 392 € there is a slightly positive potential of 12.27% for Tesla Inc compared to the current price of 349.15 €.
