Why Tesla Stock Is Bouncing Higher Today
After a big sell-off yesterday, (NASDAQ: TSLA) stock is seeing rebound momentum in Friday's trading. The company's share price was up 5.6% as of 3 p.m. ET. Meanwhile, the S 500 index was up 1.1%, and the Nasdaq Composite index was up 1.3%.
Tesla's stock gains today primarily stem from two sources. For starters, the broader market is seeing bullish momentum thanks to new employment data that is easing inflation concerns. The stock is also getting a boost from indications that a recent flare up in tensions and disagreements between CEO Elon Musk could be moderating.
Image source: Getty Images.
Source Fool.com
Tesla Inc Stock
€369.95
-1.960%
Our community is currently high on Tesla Inc with 116 Buy predictions and 46 Sell predictions.
With a target price of 400 € there is a slightly positive potential of 8.12% for Tesla Inc compared to the current price of 369.95 €.
