Why Tesla Stock Was Climbing Today
Shares of Tesla (NASDAQ: TSLA) were moving higher today after the leading electric vehicle (EV) maker surprised investors by announcing price hikes on its Model Y crossover vehicle over the weekend.
The price increase bucks the recent trend in the EV industry, as prices have fallen due to increasing competition and plateauing demand from car buyers.
As of 2:14 p.m. ET, Tesla stock was up 6.2% on the news.
Source Fool.com
Tesla Inc Stock
€164.12
0.020%
Our community is currently high on Tesla Inc with 56 Buy predictions and 27 Sell predictions.
With a target price of 242 € there is a positive potential of 47.45% for Tesla Inc compared to the current price of 164.12 €.
