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Why Tesla Stock Just Popped 5%

TheMotleyFool 
0 0 26.03.24
Why Tesla Stock Just Popped 5%Photo, wide shot, wide-angle lens, soft focus, Car rental company, Blue hour, twilight, cool, ISO1200, slow shutter speed, photo by Edward Burtynsky: https://oaidalleapiprodscus.blob.core.windows.net/private/org-IbuNdCATsFaPOITjFOv2kJh3/user-AXaxqjBUW45D8BadJEo9mUpW/img-C39HK7mRtkD4E8dIGhNKdJKJ.png?st=2023-05-14T13%3A30%3A04Z&se=2023-05-14T15%3A30%3A04Z&sp=r&sv=2021-08-06&sr=b&rscd=inline&rsct=image/png&skoid=6aaadede-4fb3-4698-a8f6-684d7786b067&sktid=a48cca56-e6da-484e-a814-9c849652bcb3&skt=2023-05-13T20%3A57%3A44Z&ske=2023-05-14T20%3A57%3A44Z&sks=b&skv=2021-08-06&sig=c7kEiWtHt1KibrlL7jP9uEmEuV%2BuAnv1nRBACXoedSk%3D
 

Shares of World No. 2 electric vehicle (EV) stock (NASDAQ: TSLA) jumped 5.2% through 10 a.m. ET Tuesday, despite Bernstein cutting the stock's price target to $120 per share. Bernstein cited soft demand for Tesla's EVs as its reason for lowering the price target, reducing predicted Tesla car sales, and maintaining its sell rating.

So why is Tesla up despite this news?

Because Italy.

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Source Fool.com

Tesla Inc Stock

€269.85
0.840%
The Tesla Inc stock is trending slightly upwards today, with an increase of €2.25 (0.840%) compared to yesterday's price.
Currently there is a rather positive sentiment for Tesla Inc with 104 Buy predictions and 38 Sell predictions.
As a result the target price of 410 € shows a very positive potential of 51.94% compared to the current price of 269.85 € for Tesla Inc.
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