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.
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Source Fool.com
Tesla Inc Stock
€416.95
4.710%
Currently there is a rather positive sentiment for Tesla Inc with 107 Buy predictions and 41 Sell predictions.
However, we have a potential of -2.15% for Tesla Inc as the target price of 408 € is below the current price of 416.95 €.
