Why Shares of Tesla Are Surging Today
Shares of (NASDAQ: TSLA) traded 3.3% higher, as of 11:03 a.m. ET today, after trading nearly 5% higher earlier today. The move came after the electric carmaker reported deliveries for the second quarter of the year in a highly anticipated event for the company.
Tesla delivered 384,000 vehicles in the second quarter of the year, down 14% year over year. The number came in slightly below Wall Street's estimate of 387,000, according to FactSet. Tesla also reported disappointing deliveries in its seasonally weaker first quarter of the year of slightly below 337,000, down 13% year over year.
Image source: Getty Images.
Source Fool.com
Tesla Inc Stock
€284.45
2.560%
Our community is currently high on Tesla Inc with 104 Buy predictions and 38 Sell predictions.
With a target price of 410 € there is a positive potential of 44.14% for Tesla Inc compared to the current price of 284.45 €.
