Why Shares of Tesla Are Surging Today
One day after its stock fell due to poor second-quarter earnings results, shares of (NASDAQ: TSLA) rebounded and traded nearly 3.6% higher, as of 2:03 p.m. ET today, on renewed optimism about the company's emerging robotaxi business.
Tesla's stock fell over 8% yesterday after the company reported second-quarter earnings that showed revenue fell 12% year over year and operating income came in 25% lower than expected. Investors knew a rough quarter was in the works earlier this month after the company reported that second-quarter deliveries declined 14% year over year.
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Source Fool.com
Tesla Inc Stock
€406.70
2.990%
Currently there is a rather positive sentiment for Tesla Inc with 107 Buy predictions and 41 Sell predictions.
However, we have a potential of -3.12% for Tesla Inc as the target price of 394 € is below the current price of 406.7 €.
