What's Going On With Tesla Stock Today
Portfolio Pulse from Henry Khederian
Tesla shares are trading higher by 0.90% after announcing a 2.4% MoM growth in May China sales and a 141.6% YoY increase compared to May 2022. Citigroup reaffirmed a Neutral rating for the stock and increased its price target from $175 to $215.
June 06, 2023 | 6:11 pm
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POSITIVE IMPACT
Tesla's stock is trading higher due to positive China sales growth and an increased price target from Citigroup.
Tesla's stock is positively impacted by the announcement of a 2.4% MoM growth in May China sales and a 141.6% YoY increase compared to May 2022. Additionally, Citigroup reaffirmed a Neutral rating for the stock and increased its price target from $175 to $215, which is likely to attract more investors and drive the stock price up in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100