What's Driving Tesla Shares Higher Premarket Tuesday?
Portfolio Pulse from Shanthi Rexaline
Tesla shares rose 2.45% to $197.92 in premarket trading on Tuesday, extending gains from the previous two sessions. The positive sentiment is in line with the broader market mood, driven by a tentative budget deal between President Joe Biden and House Speaker Kevin McCarthy. Reports of CEO Elon Musk's visit to China for discussions with senior government officials and a visit to the Giga Shanghai plant may also be driving shares higher.

May 30, 2023 | 9:01 am
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Tesla shares rose in premarket trading, driven by a positive broader market mood and reports of CEO Elon Musk's visit to China for discussions with senior government officials and a visit to the Giga Shanghai plant.
The positive sentiment in the broader market, driven by a tentative budget deal between President Joe Biden and House Speaker Kevin McCarthy, is likely to have a positive impact on Tesla's stock price. Additionally, reports of Elon Musk's visit to China for discussions with senior government officials and a visit to the Giga Shanghai plant may also be driving shares higher, as it signals potential positive developments for the company in the Chinese market.
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