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
€355.90
-5.430%
Currently there is a rather positive sentiment for Tesla Inc with 102 Buy predictions and 40 Sell predictions.
As a result the target price of 379 € shows a slightly positive potential of 6.49% compared to the current price of 355.9 € for Tesla Inc.
