Why Shares of Tesla Are Soaring Today
Shares of (NASDAQ: TSLA) traded nearly 4% higher as of 2 p.m. ET today. CEO Elon Musk provided an update on the company's robotaxi fleet on Sunday, and new data could suggest that its electric vehicle (EV) sales trends are improving.
According to Barrons, Tesla recently reported longer wait times for its Model Y, rising from one to three weeks to a range of four to six weeks. It could signal that orders are picking up. The first two quarters of the year have shown significant year-over-year decline in EV sales, which is the company's core business for now.
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Source Fool.com
Tesla Inc Stock
€281.50
-2.390%
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 positive potential of 45.65% compared to the current price of 281.5 € for Tesla Inc.
