Connect with us


Why Tesla stock soared higher on Tuesday




This article was originally published on All figures quoted in US dollars unless otherwise stated.

What happened

Shares of electric car and green energy company Tesla (NASDAQ: TSLA) soared on Tuesday. As of 3:42 p.m. EDT, the stock was up by about 7.8%

The stock was likely trading higher due to a combination of the market’s upbeat mood regarding growth stocks and some recent optimistic notes about the company from analysts.

So what

Many tech stocks were trading higher on Tuesday, with the tech-heavy Nasdaq Composite up by 1% as of this writing. And a number of growth stocks like Tesla, however, were up several percentage points or more. Broadly speaking, growth stocks seem to be rebounding from the steep sell-off they…

Click here to view the original article.

Continue Reading

You might also like ...

Article feature image
Work underway to repurpose Wallerawang power station into battery and industrial zone – ABC News
Article feature image
Sydney supermarket added to list of places visited by community transmission case – Sydney Morning Herald