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
€269.85
0.840%
Currently there is a rather positive sentiment for Tesla Inc with 104 Buy predictions and 38 Sell predictions.
As a result the target price of 410 € shows a very positive potential of 51.94% compared to the current price of 269.85 € for Tesla Inc.
