Why Tesla Stock Put Pedal to Metal Today
Tesla (NASDAQ: TSLA) stock is enjoying what feels like a rare "up" day Monday morning, as investors parse some confusing news. Last week Reuters reported that Tesla has abandoned its plans to build a Model 2 electric car priced at less than $25,000, in order to focus its efforts on building "robotaxis" instead.
CEO Elon Musk quickly dismissed the rumor on social media platform X, saying Reuters was "lying."
But Tesla stock still took a hit on Friday, falling nearly 4%. Today, however, Tesla is winning back its losses -- and more -- as its stock bounces 4.2% through 10:05 a.m. ET.
Source Fool.com
Tesla Inc Stock
€289.95
-0.340%
Our community is currently high on Tesla Inc with 106 Buy predictions and 39 Sell predictions.
With a target price of 409 € there is a positive potential of 41.06% for Tesla Inc compared to the current price of 289.95 €.
