Why Tesla Stock Is Skyrocketing Today
(NASDAQ: TSLA) stock is seeing strong gains in Monday's trading. The company's share price was up 10.3% as of 2:30 p.m. ET amid the backdrop of a 1.4% gain for the S 500 and a 1.9% gain for the Nasdaq Composite.
On the heels of recent sell-offs, Tesla's valuation is seeing rebound momentum today thanks to bullish momentum for the broader market. The company's share price is also getting a significant boost from news about a key feature rollout in the Chinese market and potential expansion plans in India.
A series of new tariffs are scheduled to go into effect on April 2. Stocks are rallying today on hopes that President Trump could take a softer approach to new tariffs than previously expected.
Source Fool.com
Tesla Inc Stock
€398.20
-4.440%
Currently there is a rather positive sentiment for Tesla Inc with 106 Buy predictions and 41 Sell predictions.
As a result the target price of 404 € shows a slightly positive potential of 1.46% compared to the current price of 398.2 € for Tesla Inc.
