Why Tesla Shares Are Shooting Up In Premarket
Portfolio Pulse from Shanthi Rexaline
Tesla shares rose sharply in premarket trading on Monday, following a public endorsement by Elon Musk of Donald Trump and ahead of the company's quarterly results on July 23. Analysts expect a decline in earnings and revenue compared to last year.
July 15, 2024 | 12:15 pm
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Tesla shares rose 4.40% in premarket trading after Elon Musk endorsed Donald Trump. The stock is expected to be volatile ahead of the company's quarterly results on July 23, with analysts predicting a decline in earnings and revenue.
The premarket rise in Tesla's stock is driven by Elon Musk's public endorsement of Donald Trump, which could influence investor sentiment positively. However, the upcoming quarterly results on July 23, with expected declines in earnings and revenue, could introduce volatility.
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IMPORTANCE 90
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