Why Tesla Stock Moved Higher Again Today
Elon Musk is making his first visit to China in three years, and investors like the implications of that. Shares of (NASDAQ: TSLA) jumped higher by as much as 6% on that and other news to start the trading week. As of 10:35 a.m. ET today, the stock was still higher by 4.3%.
Tesla stock has had a good month, up almost 25% in May.
Investors likely think Musk's visit signals a renewed focus on Tesla -- and China in particular -- after he hired a new CEO to run Twitter. He met with China's foreign minister, Qin Gang, and is expected to tour the company's Shanghai manufacturing plant.
Source Fool.com
Tesla Inc Stock
Currently there is a rather positive sentiment for Tesla Inc with 56 Buy predictions and 22 Sell predictions.
As a result the target price of 236 € shows a positive potential of 44.15% compared to the current price of 163.72 € for Tesla Inc.