Tesla Set For Electric Start As Stock Surges 6% Premarket: What's Going On?
Portfolio Pulse from Shanthi Rexaline
Tesla, Inc. (NASDAQ:TSLA) shares are up over 6% in premarket trading, possibly due to a couple of catalysts. Morgan Stanley analyst Adam Jonas upgraded Tesla stock from ‘Equal-Weight’ to a 12-month price target of $400, a 60% boost, based on the potential of Tesla’s Dojo supercomputer. Local Chinese media reports also suggest that Tesla could raise Model Y prices next month.
September 11, 2023 | 11:15 am
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POSITIVE IMPACT
Tesla's stock is surging in premarket trading due to an upgrade from Morgan Stanley and potential price increase for Model Y. This could positively impact the stock in the short term.
The stock upgrade from Morgan Stanley and the potential price increase for Model Y are positive news for Tesla. This could lead to increased investor confidence and drive the stock price up in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100