Why Tesla Stock Popped on Christmas Eve
Tesla (NASDAQ: TSLA) stock investors received an early Christmas gift from Hyundai (OTC: HYMTF) this morning: at least 112,000 new potential customers for its Supercharger electric car charging system.
Tesla stock is up 4.5% through 10:45 a.m. ET on the news.
Tesla spent the bulk of 2023 reporting a series of alliances with other carmakers around the world, in the form of announcements that these other carmakers -- Hyundai, Honda, GM, Ford Motor Company, and others -- would switch their electric cars' primary charging technology from the putative "Common Charging System" for all carmakers, to Tesla's North American Charging Standard (NACS) instead. In Hyundai's case, the switchover began in Q4 2024 -- as in, from now onwards, all Hyundai electric vehicles should be sold exclusively with NACS charging connectors.
Source Fool.com
Tesla Inc Stock
Our community is currently high on Tesla Inc with 104 Buy predictions and 40 Sell predictions.
On the other hand, the target price of 409 € is below the current price of 420.65 € for Tesla Inc, so the potential is actually -2.77%.
