Why Tesla Stock Is Soaring Today
(NASDAQ: TSLA) stock is revving higher in Thursday's trading. The electric vehicle (EV) leader's share price was up 6.4% as of 11 a.m. ET amid a 0.5% gain for the S 500 index and a 1% gain for the Nasdaq Composite index.
Tesla stock is gaining ground following a recent report suggesting that the company could be on track to receive a $400 million contract through the U.S. State Department. However, subsequent developments are casting doubt on whether the deal will actually go through. The stock is also getting a boost from bullish analyst coverage.
Late yesterday, reports emerged that Tesla would receive a $400 million contract to provide armored EVs for the State Department. The department's 2025 procurement forecast had a segment titled "Armored Electric Vehicles" and listed $400 million for Tesla as one of its planned expenses in the category.
Source Fool.com
Tesla Inc Stock
Our community is currently high on Tesla Inc with 104 Buy predictions and 38 Sell predictions.
With a target price of 410 € there is a hugely positive potential of 50.4% for Tesla Inc compared to the current price of 272.6 €.
