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.
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Source Fool.com
Tesla Inc Stock
€349.40
1.040%
Currently there is a rather positive sentiment for Tesla Inc with 108 Buy predictions and 45 Sell predictions.
As a result the target price of 397 € shows a slightly positive potential of 13.62% compared to the current price of 349.4 € for Tesla Inc.
