Tesla Stock Driving Toward Gains For 2nd Day: What's Going On?
Portfolio Pulse from Shanthi Rexaline
Tesla, Inc. (NASDAQ:TSLA) stock is showing signs of recovery after a period of weakness due to investor concerns over potential sales decline and margin erosion. The stock ended Monday up 7.33% and has gained 3.42% in pre-market trading. The broader tech sector is also seeing a shift in sentiment due to strong economic data and hopes for a reset of the Fed's inflation target.
August 22, 2023 | 11:40 am
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Tesla's stock is rebounding after a period of decline due to investor concerns. The stock gained 7.33% on Monday and has risen 3.42% in pre-market trading.
The stock is rebounding due to a shift in investor sentiment, likely driven by strong economic data and hopes for a reset of the Fed's inflation target. This has led to a risk-on sentiment returning to the market, which is beneficial for Tesla's stock.
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