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.
Image source: Getty Images.
Source Fool.com
Tesla Inc Stock
€310.30
0.470%
Our community is currently high on Tesla Inc with 103 Buy predictions and 40 Sell predictions.
With a target price of 397 € there is a positive potential of 27.94% for Tesla Inc compared to the current price of 310.3 €.
