Why Tesla Stock Popped Today
(NASDAQ: TSLA) stock has been on a bit of a roll this week. Shares jumped more than 4% yesterday and popped another 7% in Thursday morning trading. As of 10:45 a.m. ET, Tesla stock was still trading higher by 6.3%.
It's not because Tesla said it was selling more cars. In fact, yesterday's jump came when CEO Elon Musk posted about robots, not cars. But today was more closely tied to its core electric vehicle (EV) business. More specifically, the company laid out a timeline for its highly anticipated full self-driving (FSD) rollout.
Musk posted yesterday that he had visited Tesla's engineering offices in California. He added, "Most good, some bad. The future is going to be wild. There will be so many robots." That had some investors buying shares with Tesla's robotics unit in mind. The company hopes its Optimus humanoid robots will eventually become ubiquitous in factories, warehouses, and even households.
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 51.94% for Tesla Inc compared to the current price of 269.85 €.
