Why Tesla Stock Blasted 5% Higher on Tuesday
The power and influence of (NASDAQ: TSLA) on the electric vehicle (EV) market only continue to grow.
The latest example of this is the continuing take-up of the company's once-proprietary charging standard. Another manufacturer has signed on to a part of this, and the EV leader's share price rose commensurately on Tuesday. It closed the day more than 5% higher in sharp contrast to the 0.5% decline of the S 500 index.
EV pickup truck maker Rivian announced on Tuesday it has signed an agreement with Tesla that would allow Rivian drivers to access Tesla's Supercharger network throughout North America. For its customers, Rivian will make available an adapter allowing them to plug their connectors into Tesla chargers, which operate on the North American Charging Standard (NACS).
Source Fool.com
Tesla Inc Stock
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 35.85% compared to the current price of 301.8 € for Tesla Inc.
