Why Tesla Stock Is Bouncing Back Today
(NASDAQ: TSLA) shares sank more than 4% yesterday. But the stock of the electric vehicle (EV) leader is rebounding today.
Yesterday's sell-off was triggered by what looked like a massive vehicle recall on the surface. But a more detailed analysis showed there was much less to the story. And Tesla's technology will help address the issue.
That's why shares are bouncing back today -- investors are back focusing on Tesla's technology. After jumping as much as 5.4% this morning, Tesla stock was still trading higher by 3.6% as of 10:55 a.m. ET.
Source Fool.com
Tesla Inc Stock
€306.60
-1.660%
Currently there is a rather positive sentiment for Tesla Inc with 112 Buy predictions and 44 Sell predictions.
However, we have a potential of -6.07% for Tesla Inc as the target price of 288 € is below the current price of 306.6 €.
